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For Any Waiting Line System, (Average Number of Units in Waiting

question 46

True/False

For any waiting line system, (Average number of units in waiting line) = (Total waiting time) divided by (Total time of simulation).


Definitions:

Credit Sales

Sales made by a business where the payment is delayed as per an agreement between the buyer and the seller.

Current Ratio

A ratio indicating the capability of a company to cover its obligations that are due in less than one year, calculated through the division of its current assets by its current liabilities.

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