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Discuss the concepts of HMOs and PPOs.
First Customers
The initial group of buyers or users who purchase or adopt a product or service shortly after its launch.
Independent Arrival
The concept in queueing theory where the arrival of customers or entities is not influenced by previous arrivals.
Large Population
Refers to a substantial number of units or individuals within a specified area or group, often used in statistical analysis and sampling.
M/M/1 Assumptions
Assumptions used in queuing theory where there is a single server, arrivals are Markovian (Poisson process), service times are exponentially distributed, and there is an unlimited queue.
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