Question
Bank Y has a single-channel waiting line, assume the mean arrival rate of 6 customers per hour and the mean service rate for a bank
Bank Y has a single-channel waiting line, assume the mean arrival rate of 6 customers per hour and the mean service rate for a bank worker is 8 customers per hour. What is the average number of customers in the queue?
The Queuing model helps in making the decisions that are related to business. This model predicts the lengths of the queue formed by the people and the amount of time that people wait in the queue and the system. One of the models in the queuing theory is M/M/1, where the service provider is only one.
Step by Step Solution
3.36 Rating (174 Votes )
There are 3 Steps involved in it
Step: 1
Given The mean arrival rate is 66 ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get StartedRecommended Textbook for
Applied Statistics In Business And Economics
Authors: David Doane, Lori Seward
4th Edition
73521485, 978-0073521480
Students also viewed these Accounting questions
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
Question
Answered: 1 week ago
View Answer in SolutionInn App