During slow hours, a certain branch of a bank uses three tellers, each of whom can process
Question:
a) Find the system utilization
b) Find the average number of customers in line
c) Suppose the hourly wage for a teller is $6 and the bank claims to pay $2 per minute of waiting in the line to every customer. Find the optimal number of clerks, which minimizes the expected total cost per time period.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: