Examlex
For a single-server, single-line, single-phase waiting line system, where represents the mean arrival rate of customers and represents the mean service rate, what is the formula for the average time spent in the system?
Section 12(a)(2)
A provision under the Securities Act of 1933 that provides a remedy for investors who have been sold securities by means of a prospectus or oral communication containing a material misstatement or omission.
Securities Act of 1933
A U.S. federal law enacted to require transparency in financial statements so investors can make informed decisions regarding securities investments; it also introduced regulations to prevent fraud.
Public Distribution
The system of distributing goods and services to the public through government channels, often at subsidized rates.
Privity of Contract
A legal principle indicating that only the parties involved in the contract have the rights and obligations under it.
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