Exhibit 12.5 The Following Questions Use the Information Below

question 40

Multiple Choice

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.
-If the arrival process is modeled as a Poisson random variable with arrival rate λ, then the average time between arrivals is

• A) 1/μ
• B) 1/λ
• C) 1/λ²
• D) σ

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Definitions:

KMnO4

Potassium permanganate, a strong oxidizing agent used in a variety of chemical reactions and as a disinfectant.

Hg(OAc)2

Mercury acetate, a chemical compound used in organic chemistry as a reagent, particularly in reactions involving carbocations.

NaBH4

Sodium borohydride (NaBH4) is a reducing agent commonly used in organic synthesis to reduce aldehydes and ketones to alcohols.

Raney Nickel

A finely divided nickel alloy used as a catalyst in hydrogenation and other chemical reactions.