In the Basic Queuing Model (M/M/1), What Probability Distribution Describes

question 3

Multiple Choice

In the basic queuing model (M/M/1) , what probability distribution describes service times?

• A) binomial
• B) negative exponential
• C) Poisson
• D) normal
• E) lognormal

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Definitions:

Investors

Individuals or entities that allocate capital with the expectation of receiving financial returns, often through the purchase of securities, real estate, or other investment vehicles.

Factory Overhead Costs

Indirect expenses related to the manufacturing process that cannot be traced directly to specific units produced, such as utilities and rent for the production facility.

Direct Materials Cost

The cost of raw materials and components used directly in the production of goods or provision of services, directly traceable to the finished product.

Manufacturing Process

The manufacturing process involves the steps, operations, and stages companies use to convert raw materials into finished goods through machinery, labor, and other resources.