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A small diner has one employee and a counter with seating for 8 customers.The diner does not package food for takeout.Customers arrive at the diner at the rate of 20 per hour (Poisson distributed) .Service times are exponentially distributed and average 24 per hour.Customers that arrive when all seats are taken do not enter the diner.What is the probability that there are no customers in the diner?
Economic Variable
An attribute that can take different values and influences economic behavior or outcomes, such as income, price, or interest rate.
Correlation
A statistical measure that indicates the extent to which two or more variables fluctuate together.
Population Growth
The increase in the number of individuals in a population, often discussed in the context of economic, social, and environmental implications.
Auto Production
The process and industries involved in the manufacturing and assembly of motor vehicles.
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