Exhibit 12.5 The Following Questions Use the Information Below

question 66

True/False

Exhibit 12.5
The following questions use the information below.
The owner of Sal's Italian Restaurant wants to study the growth of his business using simulation. He is interested in simulating the number of customers and the amount ordered by customers each month. He currently serves 1000 customers per month and feels this can vary uniformly between a decrease of as much as 5% and an increase of up to 9%. The bill for each customer is a normally distributed random variable with a mean of $20 and a standard deviation of $5. The average order has been increasing steadily over the years and the owner expects the mean order will increase by 2% per month. You have created the following spreadsheet to simulate the problem.
-The number of arrivals that occurs in a given time period represents a random variable in a queuing system.

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Definitions:

Opening Introduction

The initial segment in a speech, presentation, or piece of writing that sets the stage for the content to follow.

Note-Taking

The practice of writing down or otherwise recording key points of information.

Nonverbal Behaviors

Body language and other forms of communication without the use of words, such as facial expressions, posture, and gestures, which convey messages and emotions.

Observation

Observation involves carefully examining, monitoring, or noticing details or changes, often used in scientific and medical contexts to gather information.