Suppose that a service facility has an average line of 2 customers that must wait, on average, 5 minutes for service. How many customers are arriving per hour?
What will be an ideal response?
Use Little's Law that 2 customers = (5 minutes)(X customers/minute)
X = .4 customers/minute = 24 customers arrive each hour
Business
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In the early stages of the banking crisis in the 1980s, financial institutions were especially harmed by
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