Which of the Following Is Not an Assumption of the Waiting

question 38

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) the waiting line priority rule is longest service requirements first

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Definitions:

Periodic Inventory Method

An inventory accounting system where updates to the inventory accounts are made on a periodic basis, typically at the end of an accounting period.

Financial Statement(s)

Reports that summarize the financial performance and position of a business or entity.

Cost of Goods Sold

Direct expenses involved in the fabrication of goods a company markets, including costs for materials and labor.

Freight-In

The cost associated with transporting goods into a warehouse or business, typically included in the cost of goods sold (COGS).