Exhibit 12.5 The Following Questions Use the Information Below

question 54

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 M in M/G/1 stands for

• A) Markovian inter-arrival times.
• B) Mendelian inter-arrival times.
• C) Mean inter-arrival times.
• D) Mathematical inter-arrival times.

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Definitions:

Operation Indicated

A specific mathematical operation that is suggested or required by the context or problem.

Simplify

To make something less complicated or easier to understand, often by reducing it to its basic elements.

Simplify

To simplify something or make it more comprehensible.

Evaluate

To calculate or determine the value of an expression or the solution to a problem.