Exhibit 12.5 The Following Questions Use the Information Below

question 75

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.
-For a Poisson random variable, λ represents the ____ number of arrivals per time period

• A) maximum
• B) minimum
• C) average
• D) standard deviation of

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Definitions:

Fear Appeal

A persuasive communication technique that utilizes fear to motivate the audience towards a specific behavior by highlighting potential negative outcomes.

Advertising Messages

The core content or information conveyed in promotional materials to inform, persuade, or remind customers about products or services.

Informational

Related to informative content or data that is provided or shared to increase knowledge or understanding.

Persuasive

Capable of convincing someone to do or believe something through reasoning or the use of emotion.