Exhibit 12.5 The Following Questions Use the Information Below

question 50

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.
-The number of arrivals to a store follows a Poisson distribution with mean λ = 10/hour. What is the mean inter-arrival time?

• A) 6 seconds
• B) 6 minutes
• C) 10 minutes
• D) 10 hours

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Definitions:

Neural Networks

Computational models designed to simulate the behavior of biological neural networks, used in artificial intelligence for pattern recognition, decision-making, and learning processes.

Brain Imaging

A technique used to visualize the structure or function of the brain through various methods, including MRI and CT scans.

Higher Intelligence

Refers to superior intellectual capabilities, often measured by high IQ scores or exceptional abilities in areas such as problem-solving, creativity, and understanding complex concepts.

Cultural Bias

The tendency to interpret and judge phenomena by standards inherent to one's own culture.