Assume that an average of 125 packets per second ofinformation arrive to a router and that it takes an average of.002 second to process each packet. Assuming exponentialinterarrival and service times, answer the followingquestions.a What is the average number of packets waiting forentry into the router?b What is the probability that 10 or more packets arepresent?

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Inventory Management

The supply chain is crucial to a firm's operations as it manages the inflow and outflow of products that are manufactured from the initial stage to the end product. It also considers the raw materials needed at different stages of production and when the work is in progress. Inventory management functions consist of ordering, storing, and procuring the organization's inventory like raw materials, factors, and finished products. It's also used for controlling the number of products for trade and helps manage the organization's inventory and stock. Inventory Management has been defined as having the right inventory, of the right volume, at the right cost.