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7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?

7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?
Transcribed Image Text:7. How many Matlab seat licenses are required for there to be a ~1% steady state probability that no licenses are available, given that the number of students needing to use the software is 3 per minute and each is expected to use the software for 20 minutes (1 student stops using the license per 20 minutes)?
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