Exhibit 12.5 The Following Questions Use the Information Below

question 54

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 M in M/G/1 stands for

• A) Markovian inter-arrival times.
• B) Mendelian inter-arrival times.
• C) Mean inter-arrival times.
• D) Mathematical inter-arrival times.

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Definitions:

Defective Product

An item that fails to meet acceptable standards or poses a risk to consumers due to flaws in design, manufacture, or labeling.

Japanese Law

The legal system in Japan, which is primarily based on a civil law system, incorporating aspects of customary, civil, and American law.

Product Liability

Legal responsibility of a manufacturer or seller to compensate for injury or damages caused by a defective product.

Fault

The responsibility or blame for a mistake or wrongdoing.