Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 1 0 customers per hour

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 one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by the negative exponential distribution. 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 is used:
Part 2
a) The average time in the line=8.008.00 minutes(round your response to two decimal places).
Part 3
b) The average number in the line=1.331.33 customers(round your response to two decimal places).
Part 4
c) The average time in the system=12.0012.00 minutes(round your response to two decimal places).
Part 5
d) The average number in the system=2.002.00 customers(round your response to two decimal places).
Part 6
e) The probability that the bank is empty=0.330.33(round your response to two decimal places).
Part 7
f) CEO Benjamin Neve is considering adding a second teller(who would work at the same rate as the first) to reduce the waiting time for customers. He assumes that this will cut the waiting time in half.
Part 8
If a second teller is added, the average time a customer spends in the queue=0.600.60 minutes(round your response to two decimal places).
Part 9
If a second teller is added, the average number of customers in the queue=0.10000.1000 customers(round your response to four decimal places).
Part 10
If a second teller is added, the average time a customer spends in the system=4.504.50 minutes(round your response to two decimal places).
Part 11
If a second teller is added, the average number of customers in the system=enter your response here customers(round your response to three decimal 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

Mind Management Not Time Management

Authors: David Kadavy

1st Edition

0578733692, 978-0578733692

More Books

Students also viewed these General Management questions

Question

Graph each system of inequalities. 2x + 5y = 10 3x - y = 6 ys

Answered: 1 week ago