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Nurrber of servers:5Service rate:2 per hour (exponential service times)\begin{array}{|l|l|}\hline Nurrber~ of~ servers:&5\\\hline Service~ rate:&2~ per~ hour ~(exponential ~service~ times)\\\hline \end{array}

question 32

Multiple Choice

 Priority  Average Arrival Rate (exponential interarrival times)   High 3 per hour  Low 5 per hour \begin{array}{l}\begin{array}{|l|l|}\hline \text { Priority }&\text { Average Arrival Rate (exponential interarrival times) }\\\hline \text { High } & 3 \text { per hour } \\\hline \text { Low } & 5 \text { per hour } \\\hline\end{array}\end{array}
Nurrber of servers:5Service rate:2 per hour (exponential service times) \begin{array}{|l|l|}\hline Nurrber~ of~ servers:&5\\\hline Service~ rate:&2~ per~ hour ~(exponential ~service~ times) \\\hline \end{array}
What is the average time in line (in minutes) for a low priority item?


Definitions:

Genetics

The branch of biology that studies heredity and the variations in organisms caused by the transmission of genetic material from parents to offspring.

Illusory Correlation

This is the cognitive phenomenon of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.

Sunk Fallacy

A cognitive bias that compels people to continue investing in a project or decision based on the cumulative prior investment (time, money, resources), despite new evidence suggesting that the cost, moving forward, outweighs the expected benefit.

Endowment Effect

A cognitive bias that causes individuals to value an owned object higher than its market value.

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