Which of the Following Is a Measure of Queue Performance

question 5

Multiple Choice

Which of the following is a measure of queue performance?

• A) utilization factor
• B) average queue length
• C) probability of a specific number of customers in the system
• D) average waiting time in the line
• E) all of the above

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Definitions:

Total Revenue

Total Revenue is the full amount of money received by a company for its goods or services, before any expenses are subtracted.

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded in a market.

Quantity Demanded

The total amount of goods or services that consumers are willing and able to purchase at a given price level.

Demand

The amount of a particular good or service that consumers are willing and able to purchase at various prices during a certain period of time.