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?
Step by Step Answer:
Basic Business Statistics Concepts And Applications
ISBN: 9780134684840
14th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat, David F. Stephan