A retailer sells most of its merchandise on credit and bills clients monthly. Which of the following

elements of float does the retailer have the most control over?

A) disbursing float B) mail float C) transit float D) processing float

D

Business

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If cars arrive to a service center randomly and independently at a rate of 5 per hour on average, what is the probability that exactly 5 cars will arrive during a given hour?

A) 0.1755 B) 0.6160 C) 0.1277 D) Essentially zero

Business

In setting standards, historical experience is the best source to use when determining the most efficient way to operate

Indicate whether the statement is true or false

Business