Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Roger Bank has a small branch in New Orleans. The counter is staffed by one teller. The counter is open for Seven hours (420 minutes)

Roger Bank has a small branch in New Orleans. The counter is staffed by one teller. The counter is open for Seven hours (420 minutes) each day (the operating capacity). It takes 12 minutes to serve a customer (service time). The New Orleans branch expects to receive 45 customers per day. (Assume that the number of customers corresponds to the number of orders).

Required:

1. Using the average waiting time formula, calculate how long, on average, a customer will wait in line before being served

2. Provide two relevant recommendations as to how the Roger Bank could reduce the average waiting time at the New Orleans branch

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

Financial Accounting For Decision Makers

Authors: DeFond, Mark

3rd Edition

1618534432, 9781618534439

More Books

Students also viewed these Accounting questions