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Consider a single-line, single-server waiting line system. Suppose that customers arrive according to a Poisson distribution at an average rate of 60 per hour, and the average (exponentially distributed) service time is 45 seconds per customer. What is the average number of customers in the system?
Predictable Components
Elements or patterns within a dataset or system that can be anticipated based on historical data or certain trends.
Forecasting
The process of making predictions about future events or trends based on historical data or analysis.
Seasonal
Relating to or occurring at a specific season of the year, often causing fluctuations or patterns in data or activity.
Time Series
A sequence of data points collected or recorded at successive points in time, typically at equally spaced intervals.
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