A cocaine dealer is standing on a street corner. Customers arrive at times of a Poisson process
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A cocaine dealer is standing on a street corner. Customers arrive at times of a Poisson process with rate . The customer and the dealer then disappear from the street for an amount of time with distribution G while the transaction is completed.
Customers that arrive during this time go away never to return.
(a) At what rate does the dealer make sales?
(b) What fraction of customers are lost?
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