Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In excel 4. ( 8 points) Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average

image text in transcribed

In excel

4. ( 8 points) Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is currently one teller at the bank, and the average time required to transact business is 4 minutes. Assuming Poisson arrivals and exponential service times, find the: (a) average time in the line. (b) average number in the line. (c) average time in the system. (d) average number in the system. (e) probability that the bank is empty. 5. (4 points) Susan Anderson's Car Wash takes a constant time of 4.8 minutes in its automated car wash cycle. Autos arrive following a Poisson distribution at the rate of 10 per hour. Susan wants to know: (a) The average waiting time in line. (b) The average length of the line

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

Essentials Of Enterprise Risk Management

Authors: Rick Nason, Leslie Fleming

1st Edition

1947098365, 978-1947098367

More Books

Students also viewed these General Management questions

Question

Discuss Ms. Lincolns level of commitment to occupational safety.

Answered: 1 week ago