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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.
-The standardized queuing system notation such as M/M/1 or M/G/2 is referred to as
Individualism
A social and political philosophy that emphasizes the moral worth of the individual, advocating for freedom and self-expression.
Modernity
A historical period characterized by the move from feudalism to capitalism, industrialization, secularization, and the rise of the nation-state.
Moral Idolization
The adulation or excessive admiration of a person or concept as embodying ideal moral standards or virtues.
Equality
The state of being equal in status, rights, or opportunities; an ideal of ensuring fairness and justice among individuals or groups.
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