Consider a Single-Server Queuing System

question 130

Multiple Choice

Consider a single-server queuing system. If the arrival rate is 45 customers per hour and it takes 1 minute on average to serve a customer, what is the average waiting time in the waiting line in minutes?

• A) 3
• B) 0.05
• C) 4
• D) 1.02
• E)  1.02

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Definitions:

Balance Sheet

An account reporting an organization's resources, debts, and owner's equity at a particular instant.

Stock Dividend

An issuance of more shares to investors as a dividend, instead of a cash distribution.

Common Stock

A type of equity security that represents ownership in a corporation, entitling holders to vote on corporate matters and receive dividends.

Balance Sheet

A financial statement that provides a snapshot of a company's financial position, including assets, liabilities, and equity, at a specific point in time.