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Waiting Time
The length of time patients must wait to see a doctor at an emergency room in a large hospital has a uniform distribution between 40 minutes and 3 hours.
-{Waiting Time Narrative} What is the probability that a patient would have to wait no more than one hour?
Truth In Lending Act
A U.S. federal law designed to promote informed use of consumer credit by requiring clear disclosure of terms and conditions of lending agreements.
Commercial Use
Refers to the use of a product, service, or property in a business or profit-making activity as opposed to personal, non-commercial purposes.
Open-End Credit Plan
A revolving line of credit that allows a borrower to make purchases or obtain loans up to a certain limit and repay part or all of the balance over time, with interest charges on the unpaid balance.
Credit Card Issuer
The financial institution or entity that provides a credit card to consumers, extending credit for purchases and cash advances.
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