There is a tutoring lab at a university that holds 20 students. Due to the popularity of the 3 tutors, the lab is always at capacity

Each student approaches a tutor an average of 2 times per hour, and a tutor spends on average 5 minutes per question from a student. The service time follows an exponential distribution.
(a) What proportion of the time are the tutors busy?
(b) What is the average waiting time for students in queue?

(a) ? = 0.86
(b) Wq = 0.06 hour

Business

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Which of the following is an advantage of the corporate form of business?

A) less degree of government regulation B) limited liability of stockholders C) separation of ownership and management D) low start-up costs

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The information provided in the Sensitivity Report assumes that we are considering a change to only a single input data value

Indicate whether the statement is true or false

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