Anew bank plans to make customer convenience a priority by minimizing the amount of time a customer waits in line. the bank is considering two options: a single line where the customer at the front waits for the next available teller, or separate lines for each teller. the bank decides to use a computer simulation of these two options to determine the average wait time for customers.

Suppose you are a freshmen in college and you have not declared a major. one reason you enrolled at your respective college was the school's vibrant social life. at the same time, you want to balance your academic life because you know that your grades will matter for graduate school or job applications. you decide to forgo partying for two hours to study for an upcoming economics exam. in your first semester's principles of economics class, you learn that the enjoyment you would have received from partying is an example of a(n)