Exhibit 12.5 The Following Questions Use the Information Below

question 16

Multiple Choice

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 memoryless property is also referred to as the ____ property.

• A) Markov
• B) Erlang
• C) Poisson
• D) Normal

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Definitions:

Meditation

A practice of concentrated focus upon a sound, object, visualization, the breath, movement, or attention itself, to increase awareness of the present moment, promote relaxation, and enhance personal and spiritual growth.

Hypnosis

A hypnotic state characterized by concentrated focus, diminished awareness of surroundings, and an elevated receptivity to suggestions.

Mindfulness Meditation

A practice of focusing one's mind on the present moment, while calmly acknowledging and accepting one's feelings, thoughts, and bodily sensations.

Relaxation Training

A therapeutic technique focused on teaching individuals how to effectively relax their mind and body to reduce stress, anxiety, and tension.