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A service counter employs two servers.On average,a server requires 8 minutes to process a customer and service times follow an exponential distribution.Customers arrive at the counter at the rate of 12 per hour according to a Poisson distribution.The average number of customers waiting to be served would be
Sole Proprietorship
A business that is owned by one person.
Public Corporation
A corporation where any person can purchase a share of stock in the corporation.
Fast-moving Average
A statistical method used in analyzing data points by creating a series of averages of varying subsets from the complete dataset.
Slow-moving Average
A method in technical analysis that smooths out price data by creating a constantly updated average price over a specific period of time, typically used to identify trends.
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