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Operating characteristics formulas for the single-channel queue do not require
Probability
An indicator of the probability of an event happening, represented by a value ranging from 0 to 1.
Wealth
The abundance of valuable resources or material possessions, or the control of such assets.
Flood
An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or failure of a dam.
Expected Utility Maximizer
An economic principle that assumes individuals choose to maximize a utility function that represents their preferences under conditions of uncertainty.
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