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Instruction 6-6
The interval between consecutive hits at a web site is assumed to follow an exponential distribution with an average of 40 hits per minute.
-Referring to Instruction 6-6,what is the average time between consecutive hits?
M/M/1 System
A model in queue theory representing a system with a single server where arrivals follow a Poisson process and service times are exponentially distributed.
Multichannel
Pertains to using multiple pathways or platforms to reach customers or conduct business.
Limited Population System
A system where the number of entities (e.g., customers, servers) is fixed or limited, affecting its dynamics and potential bottlenecks.
Unlimited Population
An assumption in certain models or systems where the potential number of entities (customers, particles, etc.) that might interact with the system is considered to be infinite.
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