Mutual funds are financial intermediaries that invest in diversified portfolios of assets.

Your new employer has asked you, as a new marketing graduate, to identify a group of potential customers who might respond in a similar way to a given set of marketing efforts. You have been asked to identify a(n) ________

A) target market B) market segment C) market D) market strategy E) undefined niche

Customers arrive at a music store at an average of 1 per minute (Poisson arrivals). The service rate is 15 customers per hour (exponential service times)

What is the minimum number of servers needed to keep the waiting time in the system under 5 minutes? A) 4 B) 5 C) 6 D) 7