During each year, an average of 3 ice cream shops open up in Smalltown. The average time
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During each year, an average of 3 ice cream shops open up in Smalltown. The average time that an ice cream shop stays in business is 10 years. On January 1, 2525, what is the average number of ice cream shops that you would find in Smalltown? If the time between the opening of ice cream shops is exponential, what is the probability that on January 1, 2525, there will be 25 ice cream shops in Smalltown?
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Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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