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A small popular restaurant at an interstate truck stop provides priority service to truckers.The restaurant has ten tables where customers may be seated.The service time averages 40 minutes once a party is seated.The customer arrival rate is 12 parties per hour,with the parties being equally divided between truckers and non-truckers.
-What is the approximate average time in minutes that non-truckers wait to be seated?
Loss Aversion
A cognitive bias that describes how the pain of losing is psychologically more powerful than the pleasure of gaining.
Option's Disadvantages
The negative aspects or drawbacks associated with a particular choice or decision.
Sensitivity
The ability of a test or system to correctly identify those with a condition, reflecting how well it detects true positives.
Satisficed
Made a decision that is satisfactory and sufficient, stemming from the combination of "satisfy" and "suffice."
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