The MM1 Template.xlsx file is now set up so that you can enter any integer in cell
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The MM1 Template.xlsx file is now set up so that you can enter any integer in cell E11 and the corresponding probability of that many in the system appears in cell F11. Change this setup so that columns E and F specify the distribution of the number in the queue rather than the system. That is, set it up so that if you enter an integer in cell E11, the formula in cell F11 gives the probability of that many customers in the queue.
DistributionThe 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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MM1 queue properties Inputs Unit of time minute Arrival rate 05 customersm...View the full answer
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Muhammad Umair
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