The number of arrivals per minute at a bank located in the central business district of a

Question:

The number of arrivals per minute at a bank located in the central business district of a large city was recorded over a period of 200 minutes, with the following results:

Arrivals                    Frequency
0...............................................14
1...............................................31
2...............................................47
3...............................................41
4...............................................29
5...............................................21
6...............................................10
7.................................................5
8.................................................2


a. Compute the expected number of arrivals per minute.

b. Compute the standard deviation.

c. What is the probability that there will be fewer than 2 arrivals in a given minute?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basic Business Statistics Concepts And Applications

ISBN: 9780134684840

14th Edition

Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan

Question Posted: