How long will a student wait in line, on average?

Lenny, a graduate research assistant "moonlights" at the short order counter in the student union snack bar in the evenings. He is the only one on duty at the counter during the hours he works. Arrivals to the counter seem to follow the Poisson distribution with a mean of 8 per hour. Each customer is served one at a time and the service time follows an exponential distribution with a mean of 5 minutes.


Answer: 0.167 hour or 10 minutes

Business

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An auditor has been asked to report on the balance sheet of Kane Company but not on the other basic financial statements. The auditor will have access to all information underlying the basic financial statements. Under these circumstances, the auditor:

A. Should refuse the engagement because of a departure from generally accepted auditing standards. B. Should refuse the engagement because there is a client-imposed scope limitation. C. May accept the engagement but must disclaim an opinion because of an inability to apply the procedures considered necessary. D. May accept the engagement.

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The marketing-mix classifications of the 7 Ps and the 4 Cs both take ________ marketing perspectives

A) technological B) partnership C) transactional D) relational E) traditional

Business

Vanguard's success is measured by which of the following?

a. Low redemption rates b. High redemption rates c. Low customer turnover d. High customer turnover e. Portfolio stability

Business

A good practice for communicating concisely is to:?

A) ?incorporate redundancies. B) ?restate ideas that are sufficiently implied. C) ?include clichés that are wordy. D) ?shorten sentences by using suffixes or prefixes.

Business