Examlex
A multiple-channel system has customers arriving at an average rate of five per hour and an average service time of 40 minutes. The minimum number of servers for this system to be underloaded is
Interest Rates
The cost of borrowing money expressed as a percentage of the principal, or the return on investment.
Economists Define
A phrase indicating the beginning of a definition or explanation of a specific economic term or concept as provided by economists.
Business Inventories
The total amount of goods and materials held by a business for the future sale, production, or utilization.
Capacity Utilization Rate
A metric used to measure the rate at which potential output levels are being met or used.
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