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Quesiton 11 At AEON food court, customers place their orders and pay before they are served. Customers can pay either with card credit or cash
Quesiton 11 At AEON food court, customers place their orders and pay before they are served. Customers can pay either with card credit or cash and the probability distribution is given in the table type of payment. The probability distribution of the inter-arrival times of customers at the payment counter during lunch hours is estimated in the table inter-arrival times. While, the time taken for card credit and cash payments are estimated as follows table time taken. By using Microsoft Excel, determine the random number of inter-arrival time, type of payment and payment time for 20 simulations respectively. (Hint: Use 2 digits random number only). Then, find the expected value of inter-arrival time and payment time. Refer Below- Tablet: Type of Payment. Table2 : Inter-arrival Time Table3: Time Taken. (25 marks) Table 1: Type of Payment Type of Payment Probability Credit Card 0.60 Cash 0.40 Table 2: Inter-arrival Time 30 50 60 70 Inter-arrival Time (seconds) Probability. 40 0.30 0.10 0.30 0.20 0.10 Table 3: Time Taken Cash Credit Card Time (seconds) 30 40 SO 60 Probability 0.10 0.35 0.40 0.15 Time (seconds) 10 20 30 40 Probability 0.20 0.40 0.30 0.10
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