Exhibit 12.5 The Following Questions Use the Information Below

question 96

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.
-If the number of arrivals in a given period of time follows a Poisson distribution with mean , the interarrival times follow an exponential probability distribution with mean 1/λ

Understands Max Weber's concept of rationalization and can relate it to personal and societal experiences.

Is familiar with the concept of sanctions and their role in society.

Can explain and analyze subcultures within a broader societal context.

Understands the principles of opposing consumerism and can articulate a personal stance on the issue.

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Definitions:

Legislative Bodies

Institutions within the government responsible for making, amending, or repealing laws in a given country or jurisdiction.

Environmental Shifts

Significant changes in environmental conditions, such as climate, ecosystems, or biodiversity, often resulting from natural processes or human activities.

Biodiversity

The range of different life forms, including plants, animals, fungi, and microorganisms, as well as the ecosystems they inhabit.

Human Activity

Actions or endeavors undertaken by humans, often influencing the environment or society.