A Distribution of Service Times at a Waiting Line Indicates

question 67

Multiple Choice

A distribution of service times at a waiting line indicates that service takes 12 minutes 30 percent of the time and 14 minutes 70 percent of the time. In preparing this distribution for Monte Carlo analysis, the service time 13 minutes would be represented by what random number range?

• A) 00 through 29
• B) 01 through 30
• C) 30 through 99
• D) 31 through 00
• E) None of these; 13 minutes is not a possible outcome.

---

Definitions:

Bankruptcy Code

A legal framework in the United States that governs bankruptcy procedures and debt resolutions for individuals and businesses.

Reorganization Petition

A legal document filed in bankruptcy proceedings, aiming to restructure a company’s debts and operations rather than liquidate.

Rejecting Creditors

Creditors who refuse to accept the terms of a proposed debt reorganization plan during bankruptcy proceedings.

Preferential Transfer

A financial transaction made by a debtor before declaring bankruptcy that benefits one creditor over others, often subject to reversal during bankruptcy proceedings.