Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The local bank has a single line for customers waiting for the next available bank teller. There are four bank tellers who work at the

image text in transcribed

The local bank has a single line for customers waiting for the next available bank teller. There are four bank tellers who work at the same rate. The arrival rate of customers follows a Poisson distribution, while the service time follows an exponential distribution. Customers arrive at the bank at a rate of about twelve every hour. On average, it takes about 15 minutes to serve each customer. Answers to 2 d.p's. (a) Calculate the probability that the bank is empty. (8) (b) Calculate the average time the customer spends waiting to be called. (4) (c) Calculate the average number of customers in in the bank. (4) (d) The average number of customers waiting to be served. (3)

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_2

Step: 3

blur-text-image_3

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

Top Accounting And Auditing Issues For 2023

Authors: CCH Tax Law Editors

1st Edition

0808059335, 978-0808059332

More Books

Students also viewed these Accounting questions