Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Answer question please 4. (5 points) Fast-food restaurants spend quite a bit of time studying the amount of time cars spend in their drive-thru. Certainly,

image text in transcribed

Answer question please

image text in transcribed
4. (5 points) Fast-food restaurants spend quite a bit of time studying the amount of time cars spend in their drive-thru. Certainly, the faster the cars get through the drive-thru, the more the opportunity for making money. QSR Magazine studied drive-thru times for fast-food restaurants, and found Wendy's had the best time, with a mean time a car spent in the drive-thru equal to 138.5 seconds. Assume that drive-thru times are normally distributed, with a standard deviation of 29 seconds. Suppose that Wendy's wants to institute a policy at its restaurants that it will not charge any patron that must wait more than a certain amount of time for an order. Management does not want to give away free meals to more than 1% of the patrons. What time would you recommend Wendy's advertise as the maximum wait time before a free meal is awarded? Show calculations. Sketch a graph representing the normal distribution and shade the area representing the aforementioned 1%. Marketer of S Cemetery of the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smooth Manifolds

Authors: Rajnikant Sinha

1st Edition

8132221044, 9788132221043

More Books

Students also viewed these Mathematics questions

Question

How would you handle this situation?

Answered: 1 week ago

Question

In menu engineering, state what dogs are. LO1

Answered: 1 week ago