Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On Monday mornings, a CIBC branch has only one teller window open for deposits and withdrawals. Experience has shown that the average number of arriving

On Monday mornings, a CIBC branch has only one teller window open for deposits and withdrawals. Experience has shown that the average number of arriving customers in a 4-minute interval on Monday mornings is 2.8, and each teller can serve more than that number efficiently. The random arrivals at this bank on Monday mornings are Poisson distributed.

1. What is the probability that on a Monday morning no one will arrive at the bank to make a deposit or withdrawal during a 4-minute interval? 0.0615

2. Suppose the teller can serve no more than four customers in any 4-minute interval at this window on a Monday morning.

(a) What is the probability that, during any given 4-minute interval, the teller will be unable to meet the demand?

(b) When demand cannot be met during any given interval, a second window is opened. What percentage of the time will a second window have to be opened?

I solve the first one but I'm having trouble with the others one

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

Fundamentals Of Business Mathematics In Canada

Authors: F. Ernest Jerome, Jackie Shemko

3rd Edition

1259370151, 978-1259370151

More Books

Students also viewed these Mathematics questions

Question

Explain how to make a to-do list and a schedule.

Answered: 1 week ago

Question

24. What effect does a lean production environment have on MRP?

Answered: 1 week ago