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A waiting-line problem that cannot be modelled by standard distributions has been simulated.The table below shows the result of a Monte Carlo simulation.(Assume that the simulation began at 8:00 a.m.and there is only one server. )Why do you think this problem does not fit the standard distribution for waiting lines? Explain briefly how a Monte Carlo simulation might work where analytical models cannot.
Involvement Level
The degree of interest and concern a consumer shows towards a product or service when they are making a purchasing decision.
Purchase Motivation
The underlying reasons or driving forces behind consumers' decisions to buy products or services.
Information Search
The process by which consumers seek out information about products, services, or brands to make informed purchasing decisions.
Buyer Decision Process
The steps a consumer goes through, including recognition of needs, information search, evaluation of alternatives, purchase decision, and post-purchase behavior.
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