At an automatic car wash, cars arrive randomly at a rate of 7 every 30 minutes. The car wash takes exactly 4 minutes (this is constant). On average, how many customers would be at the car wash (waiting in line or being serviced)?

One way to account for the challenge of the variability of future cash flows is to ________

A) adjust the hurdle rate for the project B) use the most likely cash flow estimate C) ignore different rates of inflation to prevent confusion D) leave out a consideration of the terminal value of an investment

The Big Mac is considered a good candidate for the application of the law of one price and measurement of under or overvaluation of a currency. Develop an argument as to why this is a good idea

What will be an ideal response?