Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Billy's Bank is the onlybank in small town in Arkansas. On a typical Friday, an average of 10 customers per hour arrive at the bank

Billy's Bank is the onlybank in small town in Arkansas. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is one single teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times can be described by the exponential distribution. Although this is the only bank in town, some people in the town have begun using the bank in a neighboring town about 20 miles away. A single line would be used, and the customer at the front of the line would go to the first available bank teller. If a single teller at Billy's is used, find

a.The average time in the line

b.The average number in the line

c.The average time in the system.

d.The average number in the system.

e.The probability that the bank is empty.

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

Elementary Statisitcs

Authors: Barry Monk

2nd edition

1259345297, 978-0077836351, 77836359, 978-1259295911, 1259295915, 978-1259292484, 1259292487, 978-1259345296

More Books

Students also viewed these Mathematics questions