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Statistics and Probability Suppose customers arrive at a service station according to PP(lambda). Each customer pays a service charge of $1 when he enters the
Statistics and Probability
Suppose customers arrive at a service station according to PP(lambda). 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 time s as equivalent to only e^(-as) dollars at time 0, where a>0 is a discount factor. Compute the total expected discounted service charges between [0, t)(at time 0)
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