Remainders Have an Effect on All of the Following EXCEPT

question 2

Multiple Choice

Remainders have an effect on all of the following EXCEPT:

• A)Discarded leaving a smaller whole-number answer.
• B)Rounded to the nearest whole number for an approximate answer.
• C)Fractional part left over and not included in the whole-number answer.
• D)Force the answer to the next highest whole number.

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Definitions:

Queuing Theory

A body of knowledge about waiting lines.

Little's Law

A principle in queuing theory stating that the long-term average number of customers in a stable system L is equal to the long-term average effective arrival rate, λ, multiplied by the average time a customer spends in the system, W (L = λW).

Poisson Distribution

The Poisson Distribution is a statistical distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space if these events occur with a known constant mean rate and independently of the time since the last event.

FIFO

An inventory valuation method, "First In, First Out," where the oldest inventory items are recorded as sold first, ensuring that the inventory remains up-to-date.