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Customers arrive at the one remaining full-service gas station in the country at the rate of 45 per minute and are served by the first available of three pump jockeys who can dole out gas and check oil at the rate of 20 customers per minute. Both service and interarrival times are governed by the exponential distribution. The probability that no pump jockey is busy is 0.0748.
-Use the information in Scenario C.3.What is the average number of customers in the system?
Written Security Agreement
A legally binding document that creates a security interest, giving the lender a right to seize collateral if the borrower fails to meet the obligations of the loan.
Collateral
an asset or property that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid.
Buyer
A person or organization that acquires goods or services from a seller in exchange for money.
Ordinary Course
Activities that are carried out in the normal and usual way of conducting business.
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