Exhibit 12.5 The Following Questions Use the Information Below

question 50

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 number of arrivals to a store follows a Poisson distribution with mean λ = 10/hour. What is the mean inter-arrival time?

• A) 6 seconds
• B) 6 minutes
• C) 10 minutes
• D) 10 hours

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Definitions:

Motivational Processes

Internal processes that energize, direct, and sustain behavior towards achieving specific goals.

Retention Processes

The methods by which information is kept over time in the brain, crucial for learning and memory functions.

Self-Reinforcement

The process of rewarding oneself for behaving in a desirable way, thus strengthening the likelihood of repeat behavior.

Self-Efficacy

Belief in one's capabilities to organize and execute the courses of action required to manage prospective situations.