Examlex
On weekdays from 11: 30 am to 2:00 pm customers arrive at a hotdog street vendor at the rate of 25 per 30 minute interval. Assume that this process can be well modeled by
The Poisson distribution. What is the probability that the vendor will have to wait at least
3 minutes for a customer?
Donee Beneficiary
A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.
Assignor
An individual or entity that transfers rights or interests in a contract to another, known as the assignee.
Assignee
A person or entity to whom rights or interests are transferred by another, known as the assignor.
Delegator
A delegator is a person or entity that assigns duties or responsibilities to another, often in the context of a contractual or work-related relationship.
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