MC Qu$.14-64$ You are reviewing a simulation model...

You are reviewing a simulation model and find that the analyst who prepared the model used the formula $=$NORM.INYRAND$(),100,5)$ to generate the waiting time at a restaurant $($in seconds$).$ Which of the following assumptions did the analyst make about the waiting time?

I. The minimum waiting time is $100.$

II$.$ The average $($mean$)$ waiting time is $100.$

III. The waiting time is normally distributed.

Multiple Choice