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

question 92

Multiple Choice

Consider a single-line, single-server waiting line system. The arrival rate λ is 80 people per hour, and the service rate μ is 120 people per hour. What is the probability of having 3 or more units in the system?

• A) 29.63%
• B) 33.33%
• C) 0.00%
• D) 9.88%
• E) 66.67%

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Definitions:

EBIT

Earnings Before Interest and Taxes; a measure of a company's profitability that excludes interest and income tax expenses.

EPS

Earnings Per Share - a company's profit divided by its number of outstanding shares, indicating the profitability on a per-share basis.

Debt

Money that is owed or due to be paid to creditors.

Capital Structure

The mix of various types of debt and equity that a company uses to finance its operations.