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How much money is generated from sale of privilege tickets

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Reference no: EM131615396

Question: People arrive at a microscope exhibit at a rate of one every 8 ± 2 minutes. Only one person can see the exhibit at a time. It takes 5 ± 2 minutes to see the exhibit A person can buy a "privilege" ticket for $1 which gives him or her priority in line over those who are too cheap to spend the buck. Some 50% of the viewers are willing to do this, but they make their decision to do so only if one or more people are in line when they arrive. The exhibit is open continuously from 10:00 A.M. to 4:00 P.M. Simulate the operation of the system for one complete day. How much money is generated from the sale of privilege tickets?

Reference no: EM131615396

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