A Distribution of Service Times at a Waiting Line Indicates

question 57

Multiple Choice

A distribution of service times at a waiting line indicates that service takes 6 minutes 30% of the time, 7 minutes 40% of the time, 8 minutes 20% of the time, and 9 minutes 10% of the time. In preparing this distribution for Monte Carlo analysis, the service time 8 minutes would be represented by the random number range

• A) 20 through 40.
• B) 21 through 40.
• C) 70 through 90.
• D) 71 through 90.
• E) 40 through 70.

---

Definitions:

Dividends

Sum of money distributed by a corporation to those holding its shares, originating from the firm's earnings allocated among its stockholders.

Expense

Costs incurred by a business in the process of earning revenues, typically classified as operating or non-operating expenses.

Common Stock

A type of equity security representing ownership in a corporation, entitling the owner to vote at shareholder meetings and receive dividends.

Legal Liability

The legal responsibility to pay debts or damages, which can arise from contracts, negligence, or other legal means.