A Single-Bay Car Wash with a Poisson Arrival Rate and an Exponential

question 109

Short Answer

A single-bay car wash with a Poisson arrival rate and an exponential service time has cars arriving an average of 15 minutes apart. It takes approximately 9 minutes to wash a car. What is the system utilization?

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Definitions:

Introductory Offer

A pricing strategy to encourage people to try a new product by offering it for free or at a heavily discounted price.

Heavily Discounted Price

A significantly reduced price off the original or market cost of goods or services, often used as a promotional strategy.

Psychological Pricing

A pricing strategy intended to encourage customers to buy on the basis of their belief that the product or service is cheaper than it really is.

Less Expensive

Characteristic of a product, service, or proposition that costs less, making it more affordable or providing a budget-friendly option.