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

question 112

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 system is:

• A) 3.0
• B) 1.5
• C) 1.0
• D) .90

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Definitions:

Convertible Bond

A corporate bond that can be converted into a predetermined number of shares of the issuing company's stock at certain times during its life, usually at the discretion of the bondholder.

Bondholder

An investor or entity that owns bonds issued by a corporation or government, holding a claim on the issuer's assets and income.

Unamortized Discount

The portion of a bond's issuance discount that has not yet been amortized or written off over the life of the bond.

Bond Issue

The process by which a government or corporation raises funds by issuing bonds to investors, which are debt securities establishing an obligation to pay back the principal along with interest by a specified date.