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1. (10pts) Suppose customers arrive at a service station according to PP(A). Each customer pays a service charge of $1 when he enters the
1. (10pts) Suppose customers arrive at a service station according to PP(A). Each customer pays a service charge of $1 when he enters the system. Suppose the station manager discounts the revenues as follows: he thinks for a dollar earned at times as equivalent to only eas dollars at time 0, where a > 0 is a discount factor. Compute the total expected discounted service charges between [0,t].
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