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Waiting Time
The length of time patients must wait to see a doctor at an emergency room in a large hospital has a uniform distribution between 40 minutes and 3 hours.
-{Waiting Time Narrative} What is the probability that a patient would have to wait exactly one hour?
Investors
individuals or institutions that allocate capital with the expectation of receiving financial returns, often by purchasing stocks, bonds, or other investment vehicles.
Software Development Costs
The costs associated with the development, design, and implementation of software, which may be capitalized or expensed depending on their nature and benefit period.
U.S. GAAP
Acronym for United States Generally Accepted Accounting Principles, which are a set of rules and standards designated for accounting and financial reporting.
Technological Feasibility
A stage in product development where it is determined whether technology can be developed or adapted to meet the product's requirements within a realistic budget and timeline.
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