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Many of a bank s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the
Many of a banks customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. This can be modeled using a Poisson distribution. Each customer spends an average of seconds completing his or her transactions. Transaction time is exponentially distributed. Determine: a The average time customers spend at the machine, including waiting in line and completing transactions. b The probability that a customer will not have to wait upon arriving at the automatic teller machine. c The average number waiting to use the machine.
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