Exhibit 13.1 The Following Questions Are Based on the Output Below

question 37

Multiple Choice

Exhibit 13.1
The following questions are based on the output below.
A store currently operates its service system with 1 operator. Arrivals follow a Poisson distribution and service times are exponentially distributed. The following spreadsheet has been developed for the system.
-What is the mean arrival rate based on the following 8 arrival rate observations? ​
Number of arrivals per hour: 6, 5, 3, 4, 7, 6, 4, 5
​

• A) 3
• B) 4
• C) 5
• D) 6

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Definitions:

Consumer Protection Legislation

Laws and regulations designed to ensure the rights of consumers and fair trade, competition, and accurate information in the marketplace.

Industries

Sectors of economy composed of businesses and organizations that share a common focus in producing or trading goods or services.

Seller's Lien

A legal claim or right a seller has on the property sold until the buyer completes payment, ensuring the seller can reclaim the property if the buyer defaults.

Unpaid

The state of not having been paid for goods provided, services rendered, or work done.