A Finite Population Waiting Line Model (D) Differs from the Single

question 85

Multiple Choice

A finite population waiting line model (D) differs from the single service model (A) in that:

• A) it has more than one server.
• B) the average length of the queue is less than 5.
• C) customers are served first-come, first-served.
• D) arrivals are Poisson distributed.
• E) the population of people or units seeking service is finite.

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Definitions:

Cash Fund

A reserve of cash set aside for specific needs or emergencies, ensuring liquidity for unexpected expenses.

Gain on Disposal

The profit realized from the sale of an asset for more than its book value.

Cost of Goods Sold

The total cost associated with making or acquiring any goods sold during a reporting period.

Natural Resources

Assets that consist of standing timber and underground deposits of oil, gas, and minerals.