Question: Problem 3 Suppose the arrival rate for a single server waiting line system is distributed according to the Poisson distribution with a mean rate of

Problem 3 Suppose the arrival rate for a single

Problem 3 Suppose the arrival rate for a single server waiting line system is distributed according to the Poisson distribution with a mean rate of 40 units per hour. The service rate is also distributed according to Poisson distribution, with a mean rate of 65 units per hour serviced. If the cost of waiting is $8 per unit per hour, and the service facility costs $5 per unit served, determine the following: What is the total waiting cost? (use two decimal place accuracy) What is the total cost? (use two decimal place accuracy)

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