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A book store can hire 2 employees. The employees who hold this job will stay with the store for an exponentially distributed time with mean
A book store can hire 2 employees. The employees who hold this job will stay with the store for an exponentially distributed time with mean of six months. The store receives job applications with a Poisson rate of two per year. If there is a job vacant, the applicant will get the job immediately, otherwise the applicant will be turned down. what is the value of the arrival rate and service rate.
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