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Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.
-Which of the following is a reason to employ queuing theory?
Method Of Loci
A mnemonic technique that associates information with specific physical locations, enhancing memory recall.
Visual Images
Refers to pictures or scenes that are created in the mind or seen by the eyes, encapsulating both physical and mental visual experiences.
Familiar Place
A location known to an individual through previous experience or frequent visitation, evoking recognition and often comfort.
Forgetting Curves
A graphical representation of how information is lost over time when there is no attempt to retain it.
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