1.Customers arrive at the Compass bank at a rate of 25 per hour. The bank has only one clerk to serve the customers and he is able to serve a customer every 2 minutes. This clerk is paid $12.00 per hour and the cost of customer waiting time is estimated as $8.00 per hour. We assume that every clerk works 8 hours per day.

What is the total expected cost per day? (5 points)

The bank manager has the opportunity to replace the clerk with another clerk that serves 6 customers every 10 minutes, but asks for $16.00 per hour. Should the manager hire this clerk? (5 points)