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1) To use queuing theory calculations to manage the relationship between waiting and the resources needed to provide service

Statistics Nov 18, 2020

1) To use queuing theory calculations to manage the relationship between waiting and the resources needed to provide service.

2) To be able to construct and use decision trees as a method to examine decision alternatives.

3) To be able to calculate expected payoff and select a decision based upon maximum payoff using specific examples.

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