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Figure 6S-1
Customers enter a haberdashery that sells only ascots, cufflinks and suspenders and are served by the owner operator. The owner is the only employee, so if customer B arrives while customer A is being served, customer B must patiently wait until customer A exits the system. Customers are always willing to wait regardless of how long their wait is. The interarrival and service times are uniformly distributed and shown in the table below.
The stream of random number for a Monte Carlo simulation of the system appear in this table>
-Use the data from Figure 6S-1. How many customers are in the haberdashery at 8:38?
Private Saving
The portion of individuals' or households' income that is not used for consumption or paying taxes, typically used for investment or future spending.
Government Budget
A financial statement presenting the government's projected revenue and expenditure for a specific period.
National Saving
The total amount of savings generated within a country, which includes both private savings by households and businesses, and public savings from government budgets.
Mutual Funds
Investment programs funded by shareholders that trade in diversified holdings and are managed by professionals.
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