Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Need Help ASAP! This is due within the hour and i still cant figure out why my answers are incorrect. please help! will give a

Need Help ASAP!
This is due within the hour and i still cant figure out why my answers are incorrect. please help! will give a thumbs up!
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 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 90 seconds completing his or her transactions. Transaction time is exponentially distributed
a. Determine the average time customers spend at the machine, including waiting in line and completing transactions. (Do not round Intermedlate calculations. Round your answer to the nearest whole number.)
b. Determine the probability that a customer will not have to wait upon arriving at the automatic teller machine. (Round your answer to 2 decimal places.)
c. Determine the average number of customers waiting to use the machine. (Round your answer to 2 declmal places.)

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

Operations Management

Authors: R. Dan Reid, Nada R. Sanders

4th edition

9780470556702, 470325046, 470556706, 978-0470325049

More Books

Students also viewed these General Management questions