Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Customers make purchases at a convenience store, on average, every nine minutes. It is fair to assume that the time between customer purchases is exponentially

Customers make purchases at a convenience store, on average, every nine minutes. It is fair to assume that the time between customer purchases is exponentially distributed. Jack operates the cash register at this store.

a-1. What is the rate parameter?(Round your answer to 4 decimal places.)

Rate parameter

a-2. What is the standard deviation of this distribution?(Round your answer to 1 decimal place.)

Standard deviation

b.

Jack wants to take a seven-minute break. He believes that if he goes right after he has serviced a customer, he will lower the probability of someone showing up during his seven-minute break. Is he right in this belief?

Yes
No

c.

What is the probability that a customer will show up in less than seven minutes?(Round intermediate calculations to 4 decimal places and final answer to 4 decimal places.)

Probability

d.

What is the probability that nobody shows up for over half an hour?(Round intermediate calculations to 4 decimal places and final answer to 4 decimal places.)

Probability

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_2

Step: 3

blur-text-image_3

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

Numerical Analysis

Authors: Richard L. Burden, J. Douglas Faires

9th edition

538733519, 978-1133169338, 1133169333, 978-0538733519

More Books

Students also viewed these Mathematics questions

Question

Define plant location.

Answered: 1 week ago

Question

Define plant location.

Answered: 1 week ago

Question

Formal Education explain?

Answered: 1 week ago