Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Royal Movie Theater has one box office clerk. On average, each customer that comes to see a movie can be sold its ticket at

The Royal Movie Theater has one box office clerk. On average, each customer that comes to see a movie can be sold its ticket at the rate of 12 per minute. For the theater's normal offerings of older movies, customers arrive at the rate of 5 per minute. Assume arrivals follow the Poisson distribution and service times follow the exponential distribution. a. What is the average number of customers waiting in line? b. What is the average time a customer spends in the waiting line? c. What is the average number of customers in the system? d. What is a customer's average time in the system? e. What is the probability that someone will be buying tickets when an arrival occurs?

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

Handbook Of European Financial Markets And Institutions

Authors: Xavier Freixas, Philipp Hartmann, Colin Mayer

1st Edition

0199229953, 978-0199229956

More Books

Students also viewed these Finance questions