A Queuing Model That Follows the M/M/1 Assumptions Has λ

question 61

Multiple Choice

A queuing model that follows the M/M/1 assumptions has λ = 10 and μ = 12.What is the average number of units in the system?

• A)0.83
• B)2
• C)2.5
• D)5
• E)6

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Definitions:

Net Realizable Value

Net Realizable Value is the estimated selling price of goods, minus the cost of their sale or disposal, representing the actual value of assets in terms of cash.

Estimated Future Returns

Projections or forecasts of the financial returns a company expects to receive from investments, assets, or business activities in the future.

End-Of-Period Accrual

Accounting adjustments made at the end of accounting periods to record revenues earned and expenses incurred but not yet recorded.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to the reversal of revenue and reduction in sales figures.