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Assume the average arrival rate at a service center is five customers per hour.Determine the probability of three customers arriving in any random hour.
Service Retailer
A business that sells intangible products or services directly to consumers.
Low Prices
The strategy of setting the cost of a product or service lower than the competition, often to attract more customers or gain a market share.
Experiential Retail
A retail strategy that focuses on providing customers with experiences beyond the traditional shopping encounter to engage and entertain.
Virtual Reality
A technology that creates immersive, computer-generated environments that simulate physical presence in real or imagined worlds.
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