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Imagine that you are an investor who has to decide between two types of businesses ( e . g . , restaurants ) to make
Imagine that you are an investor who has to decide between two types of businesses eg restaurants to make your investment. Both businesses have the same average arrival time and the same average service time, but their distributions are different:
Business : Customers arrive at a rate of per hour and it takes an average of minutes to provide the service to the customer. There is only one server. Interarrival times and service times are exponential.
Business : Customers arrive at a rate of per hour and it takes an average of minutes to provide the service to the customer. There is only one server. Distribution of interarrival time and service time are neither exponentially nor deterministic. The interarrival time has a standard deviation of minutes and the service time a standard deviation of minutes as well.
What is the average waiting time in min in line of customers at Business
Correct answer is how to get this number? Please show me the step
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