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In a Single Server,exponential Service Durations,and Finite Number in System

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In a single server,exponential service durations,and finite number in system model there are 4 customers in the system three in line and one being served.What is the probability no new customer will join the line? The probability of zero customers in the system is .375,arrival rate is 18 per hour and the service rate is 24 per hour.


Definitions:

Acquisition Differential

The difference between the cost of acquiring a company and the fair value of its identifiable net assets.

Equity Method

An accounting technique used to record the investments in other companies, where the investment is significant but the investor does not have full control.

Patent

A legal right granted to an inventor for an exclusive period, typically 20 years, to exploit a new, useful, and non-obvious invention.

Consolidated Cash Flows

A statement merging the cash flows of a parent company and its subsidiaries to present the overall cash generated or used by the entire group.

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