The Average Length of Time That a Customer Waits in Line

question 13

Multiple Choice

The average length of time that a customer waits in line for service is where y is the average arrival rate, written as the number of customers per unit of time, and x is the average service rate, written in the same units. Evaluate . Note: x and y are given as the number of customers per hour.

• A) 7 min
• B) 5 min
• C) 3 min
• D) 4 min
• E) 6 min

Recognize the complexities involved in changing organizational culture and the significance of culture in change processes.

Understand the historical foundations and key figures of psychology.

Recognize the impact of nature and nurture on personality and behavior.

Grasp the methodological approaches and tools used in psychology's early development.

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Definitions:

Cost Of Goods Sold

Represents the direct expenses related to the production of goods sold by a company, including materials and labor costs.

Gross Profit Percentage

A financial metric that represents the gross profit as a percentage of net sales, indicating the efficiency of a company's production process.

Current Ratio

A financial metric that measures a company's ability to pay off its short-term liabilities with its short-term assets.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's normal operating cycle if longer than a year.