Which of the Following Is Not an Assumption of the Waiting

question 54

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 Gaussian distribution
• D) service times are described by an exponential distribution
• E) the waiting line priority rule is first-come, first-served

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, typically reported on the income statement.

Compounded Annually

Interest on an investment or loan that is calculated once a year, adding to the principal sum for the next year.

Present Value

The present-day worth of money to be received in the future or ongoing cash flows, discounted by a specific rate of return.

Single Sum

A lump-sum amount of money taken in a single payment rather than in installments over time.