A Single-Server Waiting Line System Has an Arrival Pattern Characterized

question 48

Multiple Choice

A single-server waiting line system has an arrival pattern characterized by a Poisson distribution with 3 customers per hour. The average service time is 12 minutes. The service times are distributed according to the negative exponential distribution.
-The expected number of customers in the waiting line is:

• A) .6
• B) .7
• C) .8
• D) .9

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Definitions:

Statement of Financial Position

A financial report that details an organization's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Carrying Amount

Carrying Amount is the value at which an asset is recognized in the balance sheet after accounting for depreciation, amortization, or impairment losses.

Accounts Receivable

Represents amounts due from customers for credit sales, expected to be received in the near future.

Managing

The process of planning, organizing, leading, and controlling resources to achieve organizational objectives efficiently and effectively.