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:

Cash Flows

The total amount of money being transferred into and out of a business, particularly affecting the company's liquidity.

Significant Noncash

Transactions that have a significant impact on the financial statements but do not involve cash flow, often reported in financial statement notes.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset up to a specific point in time.