Examlex
Suppose that a fast food restaurant wants the average line to be 4 customers and that 80 customers arrive each hour.How many minutes will the average customer be forced to wait in line?
Insured Premium
The amount paid periodically to an insurance company for coverage, which guarantees compensation for specific potential losses.
Event Occurs
A moment or situation that takes place, typically triggering a specific reaction or process in a legal, contractual, or social context.
State
A political entity that possesses sovereignty, characterized by a defined territory, permanent population, government, and capacity to enter into relations with other states.
Insurable Interest
A stake in an insured property or life that would cause a person to suffer financial loss if the property were damaged or if the insured person were injured or died.
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