The Local Grocery Store Consists of Two Cashiers

question 11

Short Answer

The local grocery store consists of two cashiers. The customers arrive according to a Poisson distribution and the service times are based on a negative exponential distribution. The average customer service time is 5 minutes and the average time between the arrivals of successive customers is 3 minutes. What is the probability that there are no customers in the grocery store?

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Definitions:

Net Working Capital

A measure of a business's short-term financial performance, shown by the balance between its current assets and liabilities.

Net Working Capital

The difference between a company's current assets and its current liabilities, indicating the liquidity and operational efficiency.

Operating Cash Flow

A measure of the cash a company generates from its regular business operations, indicating its ability to generate sufficient revenue to cover its operational expenses.