Customers Arrive Every Three Minutes Governed by a Poisson Distribution

question 19

Multiple Choice

Customers arrive every three minutes governed by a Poisson distribution.A single server is capable of handling twenty-five customers per hour and this service time is exponentially distributed.How many customers are either receiving service or waiting in line on average?

• A)one
• B)two
• C)three
• D)four

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Definitions:

Duty of Loyalty

An obligation of fiduciaries to act in the best interest of the beneficiary or entity they serve, avoiding conflicts of interest.

Specific Performance

An order of the court requiring that a nonbreaching party fulfill the terms of the contract.

Non-Contractual Relationships

Interactions between parties that are not governed by a formal written or spoken contract, but still may involve legal obligations.

Duty of Obedience

is the responsibility of the directors and officers of a corporation to act in accordance with the corporation's charter, bylaws, and the law in decision-making processes.