Test questions attached need help

In a single channel single server system, if the service rate is 4 per hour and the arrival rate is 6 per hours, what is the average time a unit spends waiting in the system (Wq)?

infinite

approximately 20 minutes

approximately 40 minutes

approximately 1 hour
 

n the single server single channel queue theory models, the closer μ is to λ, which will be higher?

Po

Pq

n a single channel single server system, if the service rate is 4 per hour and the arrival rate is 6 per hours, what is the probability that a unit must wait (Pw)?

33.33%

50%

66.67%

100%
 
 

The price per test is $85, and the variable cost per test is $15.  Using this information, what is the breakeven point in volume if the allocated fixed costs were $210,000?

3,000

5,000

7,000

9,000

The price per test is $85, and the variable cost per test is $15.  What is the contribution margin per test?

$65

$70

$75

$80
 

If forecasting using 33 months of historical data, how many months should you forecast if using a regression forecast?

10

11

12

13

Using a smoothing constant of 0.3, 0.35, or 0.4 will produce what types of forecasts?

equally accurate forecasts

widely varying forecasts

forecasts with small variances

forecasts with statistical differences