In Problem 14, in addition to course approvals, suppose that the advisor also answers questions and provides
Question:
In Problem 14, in addition to course approvals, suppose that the advisor also answers questions and provides course counseling, such that the service time can no longer be assumed to be exponentially distributed. Instead, the service time distribution is undefined (i.e., general), with a mean of 2 minutes and a standard deviation of 5 minutes. Compute L, Lq, W, and Wq and compare these results with those in part (a) in Problem 14.
Distribution The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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