Consider a Single-Line, Single-Server Waiting Line System

question 73

Multiple Choice

Consider a single-line, single-server waiting line system. The arrival rate ? is 40 people per hour, and the service rate µ is 80 people per hour. What is the average number of customers in line?

• A) 0.5
• B) 0.025
• C) 1.0
• D) 0.0125
• E) 20.0

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Definitions:

Diversifiable Risks

Risks that can be reduced or eliminated from a portfolio through diversification.

Unique Risks

Unique risks refer to the specific and individual risks that affect only a particular company, security, or investment sector, as opposed to risks that affect the entire market.

Unsystematic Risk

The risk associated with a specific company or industry, which can be reduced through diversification.

Asset-specific Risk

Refers to the risk affecting an investment's value that is associated with the particular assets the investment owns, distinct from marketwide risks.