The cashier line of a canteen can facilitate up to 60 customers an hour. Frequenters of the canteen arrive at an average of 50 an hour. a. What is the average arrival time in minutes of customers? b. What is the average service time in minutes of the canteen? c. What is the probability that the canteen has a customer?

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Risk Management Techniques

Risk management is the procedure of recognizing, analyzing, monitoring, and preventing the risks and threatening factors of investments and business. Risks can arise from various factors including internal controls, market changes, natural disasters, and failure in productions. Risk management techniques enable entities to control and minimize the risks as well as the threatening factors of the business and it also helps to improve the business.