A Finite Population Waiting Line Model Has an Average Service

question 52

Multiple Choice

A finite population waiting line model has an average service time T of 200 minutes and an average time between service requirements U of 300 minutes.What is the service factor X?

• A)0.20
• B)0.40
• C)0.60
• D)0.67
• E)2.5

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Definitions:

Loss On Sale

Loss on Sale occurs when the selling price of an asset is less than its carrying amount on the balance sheet, representing a financial loss for the company.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated to depreciation expense over the asset's useful life, reducing its book value.

Group Depreciation

A method of depreciating multiple assets collectively that are similar in nature and have approximately the same expected useful lives.

Business Computer

A computing device specifically designed, acquired, and used to meet the operational requirements of a business.