Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Suppose that you are working for a chain restaurant and wish to design a promotion to disa buse The public of notions that the service

image text in transcribed
image text in transcribed
Suppose that you are working for a chain restaurant and wish to design a promotion to disa buse The public of notions that the service is slow. You decide to institute a policy that any customer That waits too long will receive their meal for free. You know that the wait times for customers are normally distributed with a mean of 15 minutes and a standard deviation of 3.1 minutes. Use statistics to decide the maximum wait time you would advertise to customers. so that you only give away free meals to at most 1112' of the customers. a. Determine an estimate of an advertised maximum wait time so that 13'; of the customers would reoeive a free meal. Ftound to one decimal place. minutes b. Include a graph illustrating the solution. For the graph do NOT make an empirical rule graph, just include the mean and the mark off the area that corresponds to the 1112' who would reoeive The refund. There is a Normal Distribution Graph generator linked in The resources area. Combine the above into as single file and upload using the link below. Choose File No file chosen c. Wlite a response to the vice president explaining your prescribed maximum wait time. Structure your essay as follows: 1. An advanced explanation of The normal distribution 2. Why the normal distribution might apply to this situation 3. Describe the specific normal distribution for this situation (give the mean and standard deviation] 4. Explain how the graph created in part b. represents the waiting times of the customers. 5. Explain the answer to part a. in terms of both the customers who get a free meal and those who do not. Feel free to use the aocurate answer in part a to determine a "nice" wait time to be used in the actual advertising campaign. Eu. Use the answers to parts a. and b. to explain how the proposal will not result in a loss of profit for the company

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

Algebra And Trigonometry (Subscription)

Authors: Michael Sullivan, Michael Sullivan III

11th Edition

0135227712, 9780135227718

More Books

Students also viewed these Mathematics questions

Question

What are two major trade-offs in capacity planning?

Answered: 1 week ago

Question

What does this look like?

Answered: 1 week ago