During lunch hour, customers arrive at a fast food drive through window, on average, every 2.5 minutes.
Question:
During lunch hour, customers arrive at a fast food drive through window, on average, every 2.5 minutes. Assume arrival time follows the exponential probability distribution.
a. What is the probability that the next customer will arrive
1. within the next 2 minutes?
2. in more than 5 minutes?
3. between 1 and 4 minutes?
b. Confirm the answers to part a using Excel.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (21 reviews)
b 1 EXPONDIST2 04 TRUE 05507 b 2 10 EXPONDIST5 04 TRUE 10 08647 01353 b 3 EXPON...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Customers arrive at a grocery store checkout at a rate of six per 30 minutes during the hours of 5 p. m. and 7 p. m. during the workweek. Let C be the number of customers arriving at the checkout...
-
Customers arrive at a bank at a Poisson rate . Suppose that two customers arrived during the first hour. What is the probability that (a) Both arrived during the first 20 minutes? (b) At least one...
-
Customers arrive at a bakery at an average rate of f 6 per half-hour. For simplicity, suppose each customer spends $2.50 on their purchase. a. What is the probability that exactly 3 customers will...
-
Suppose that \(\mathrm{x}\) is a linked-list Node. What is the effect of the following code fragment? \(t\). next \(=x\). next; \(x \cdot\) next \(=t ;\)
-
What are the four levels of commitment to e-business? Give some examples of each.
-
For an outlay of $8 million you can purchase a tanker load of bucolic acid delivered in Rotterdam one year hence. Unfortunately the net cash flow from selling the tanker load will be very sensitive...
-
What is the nature of conflict in organizations?
-
Prescrip Co. began operations in 2012. The cost and fair values for its long-term investments portfolio in available-for-sale securities are shown below. Prepare Prescrips December 31, 2013,...
-
Identify the properties satisfied by the following relations by putting a (check) on the corresponding box. R = {(1,1),(1,2),(1,3),(2,1),(2,2),(3,3),(4,4)} R = {(1,2),(1,3),(1,4), (3,2), (3,4),(4,2)}...
-
Suppose that without a seat belt, drivers who travel at 0 mph have a 100% chance of staying alive, while drivers who travel at 100 mph have 0% chance of staying alive. Suppose that with a seat belt,...
-
Customers arrive at a local ATM at an average rate of 15 per hour. Assume the time between arrivals follows the exponential probability distribution. a. What is the probability that the next customer...
-
A random variable follows the continuous uniform distribution between 20 and 50. a. Calculate the following probabilities for the distribution: 1. P(x < 25) 2. P(x < 30) 3. P(x < 45) 4. P(x = 28) b....
-
Can a global strategy that sustains 500 brands possibly be right? Discuss the proposition that Carlsberg should rationalise its facilities and focus on far fewer brands?
-
The Green Cab Company charges $2.50 plus $0.45 per quarter mile traveled. The Red Taxi Company charges $1.70 plus $0.55 per quarter mile. Apparently, you should take a Red Taxi for short trips and a...
-
Based on the module resources, think about the trends that are occurring in the healthcare marketplace and determine a new service line that your organization can add to increase revenues or save...
-
Pongo Sports Corporation sells two lines of table tennis paddles. Monthly sales and the contribution margin ratios are shown below: Slammo Pingy Total Company Sales Revenue $75,000 $225,000 30%...
-
You will chose a partner and research one of the drugs listed below(Haloperidol). You will state the following: What is the purpose of the drug? What are the side effects of the drug? What...
-
17. Which of the following is an active transport mechanism? a. Osmosis b. Facilitated diffusion c. Filtration d. Pinocytosis 18. Which of the following transport mechanisms transports water across...
-
Rutherfords alpha-particle experiment proved which of the following? (a) Atoms are neutral. (b) Electrons have a negative charge. (c) An atoms nucleus is tiny and contains most of the atoms mass. (d)...
-
A statistical study shows that the fraction of television sets of a certain brand that are still in service after x years is given by f (x) = e-0.15x. (a) What fraction of the sets are still in...
-
Explain, in your own words, what \(r_{s}\) and \(ho_{s}\) represent in Example 1.
-
Complete the following two-way ANOVA table. Determine the critical table F values and reach conclusions about the hypotheses for effects. Let =.05. MS Source of Variance Row Column Interaction Error...
-
Complete the following two-way ANOVA table. Determine the critical table F values and reach conclusions about the hypotheses for effects. Let =.05. df Source of Variance Row Column Interaction Error...
-
The data gathered from a two-way factorial design follow. Use the two-way ANOVA to analyze these data. Let =.01. Treatment 1 A 2321 20 25 2 22 Treatment 2 B 27 24 26 28 27 27
-
31 BT E R ole]1i 1o 2111Trial balancev For the Quarter Ended May 31, 2022For the Year Ended May 31, 2022May 31, 2022 Totals $ $ Current Attempt in Progress Julia Dumars is a licensed CPA. During the...
-
Chief Customer Officer Jayden Hayden has asked sales analyst Paige Sage to analyze the company's Western Kentucky district. Paige intends to calculate ROAM for the district. She has compiled the...
-
Which of the following statements is correct?If the demand curve for a firm's stock is relatively flat, the firm will have a more difficult time raising alarge amount of new equity funds for...
Study smarter with the SolutionInn App