For a single server, single queue system with an arrival rate of 8 customers per hour and a service rate of 10 customers per hour, what is the mean waiting time in the queue (to two decimal places)?
a. 0.40 hours
b. 0.50 hours
c. 3.20 hours
d. Cannot be determined from the information given
a. 0.40 hours
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Which of the following statements does not properly state a basic principle for reporting an accounting change?
A) retrospectively apply a change in accounting principle B) prospectively account for a change in accounting estimate C) retrospectively adjust for a change in reporting entity D) retrospectively apply a change in accounting estimate
________ programs typically provide a core of basic life coverage and then permit employees to choose greater coverage as part of their optional package.
A. Point-of-service B. Flexible-benefit C. Defined-benefit D. Defined-contribution
Fun-E Products, Inc., makes and sells toys. The government agency that has the authority to remove a potentially hazardous toy from the market is
A. the Consumer Product Safety Commission. B. the Federal Reserve Board of Governors. C. the Federal Trade Commission. D. the Food and Drug Administration.
Multiple Choice: Problems Sue now has $320. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding?
A. $614.59 B. $731.37 C. $510.11 D. $590.01 E. $602.30