Scenario B.4 Customers Arrive at an Airline Ticket Counter at the Rate

question 65

Multiple Choice

Scenario B.4
Customers arrive at an airline ticket counter at the rate of 50 customers per hour, according to a Poisson distribution. There are three ticket agents. Customers select the first available agent from one line. Each agent can process 20 customers per hour with exponential service times.
-Use the information in Scenario B.4. What is the average number of customers waiting in line for service?

• A) fewer than or equal to 4.0
• B) greater than 4.0 but fewer than or equal to 4.5
• C) greater than 4.5 but fewer than or equal to 5.0
• D) greater than 5.0

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Definitions:

Direct Foreign Investment

Investment made by a company or individual in one country in business interests in another country, in the form of either establishing business operations or acquiring business assets in the other country.

International Joint Ventures

Collaborative enterprise agreements between two or more companies from different countries, aiming to achieve specific business goals.

Success Rate

Indicates the proportion or percentage of achieved objectives or completed tasks against attempted ones within a defined period.

Internationalization Process

Involves adapting businesses and strategies to fit foreign markets and cultural practices to ensure global competitiveness.