Note: This Question Requires the Use of the Queueing Simulator

question 59

Multiple Choice

Note: This question requires the use of the Queueing Simulator spreadsheet in Excel. Use the queueing simulator to simulate a queueing system with 3 servers, uniform interarrival times between 20 and 50 seconds and exponential service times with an average of 75 seconds. Use a simulation run length of 10,000 arrivals. If you observe the system at a random time, what is the probability that there will be 4 or more customers waiting in line?

• A) 0.2
• B) 0.4
• C) 0.6
• D) 0.8
• E) 0.9

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Definitions:

Adequacy Of Consideration

The fairness or sufficiency of what one party receives in return for what they provide in a contract.

Fair Bargain

An agreement between parties that is equitable and just, where each party receives a benefit in exchange for what is given.

Enforce Promises

The legal ability to ensure that agreements or commitments are carried out, often through contract law.

Adequacy Of Consideration

Evaluation of whether the value exchanged in a contract is fair and sufficient, although the law often requires only some value to be exchanged.