Which of the Following Is Not an Assumption of the Waiting

question 27

Multiple Choice

Which of the following is not an assumption of the waiting line models presented in the textbook?

• A) the customers are patient
• B) customers come from an infinite population
• C) customer arrival rate is described by a Poisson distribution
• D) service times are described by an exponential distribution
• E) in a multi-phase system, a server can serve more than one customer at a time

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Definitions:

Financial Transactions

Exchanges or transfers of money between parties, which can include buying, selling, or trading assets.

Accounts Payable

The amount of money a company owes creditors (suppliers, etc.) in return for goods and services they have delivered.

Operating Expenses

The ongoing costs incurred in the day-to-day operations of a business, excluding costs associated with the production of goods or services.

Gross Collection Ratio Formula

A financial metric used to assess the efficiency of a company's collections department, calculated by dividing total collections by the total amount of billable charges.