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A waiting line meeting the M/M/1 assumptions has an arrival rate of 4 per hour and a service rate of 12 per hour. What is the average time a unit spends in the system and the average time a unit spends waiting (in hours)?
Test Statistic
A statistic whose calculated value is used to decide whether to reject the null hypothesis in a hypothesis test.
Population Distribution
The distribution of a characteristic within an entire population, described by parameters such as mean, variance, and standard deviation.
Null Hypothesis
A hypothesis that suggests there is no statistical significance between two variables, often used as a default hypothesis in testing.
Standard Deviation
A measure of the dispersion or spread of a set of values, indicating how much the values deviate from the mean of the data.
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