A Distribution of Service Times at a Waiting Line Shows

question 70

Multiple Choice

A distribution of service times at a waiting line shows that service takes 6 minutes 30 percent of the time,7 minutes 40 percent of the time,8 minutes 20 percent of the time,and 9 minutes 10 percent of the time.This distribution has been prepared for Monte Carlo analysis.The first two random numbers drawn are 53 and 74.The simulated service times are ________ minutes,then ________ minutes.

• A)6;7
• B)7;7
• C)7;8
• D)8;9
• E)Cannot determine because no service time probability is that large.

Identify and differentiate between various marketing strategies such as market development, product development, market penetration, positioning, and diversification.

Recognize the elements of the marketing mix and their roles in marketing strategy.

Analyze market scenarios to identify threats and weaknesses.

Comprehend the objectives of marketing strategies, including entering foreign markets.

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Definitions:

Greatest Common Factor

The largest number that divides two or more numbers without leaving a remainder, used in simplifying fractions.

Numerator

The top number in a fraction that indicates how many parts of a whole are taken.

Denominator

The bottom number in a fraction, representing the total number of parts the whole is divided into.

Systolic Blood Pressure

The highest pressure in the arteries when the heart beats, indicating the force at which blood is pumped around the body.