If the Average Time to Serve a Customer Is 3

question 43

Multiple Choice

If the average time to serve a customer is 3 minutes,then the service rate,µ,is

• A)3 per hour.
• B)12 per hour.
• C)16 per hour.
• D)20 per hour.

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Definitions:

Lease Equipment

The process of renting machinery, vehicles, or other equipment for business use instead of purchasing them outright.

Lease-Purchase Analysis

Lease-Purchase Analysis is a financial evaluation to determine whether leasing or purchasing an asset is more cost-effective in the long term.

After-Tax Borrowing Rate

The interest rate on loans after taking into account the tax deductions on interest payments, affecting the net cost of borrowing.

Discount Rate

The interest rate used to determine the present value of future cash flows in discounted cash flow analysis.