A retail manager in a discount store wants to establish a policy of the number of cashiers
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A retail manager in a discount store wants to establish a policy of the number of cashiers to have on hand and also when to open a new cash register. The first step in this process is to determine the rate at which customers arrive at the cash register. One day, the manager observes the following times (in minutes) between arrivals of customers at the cash registers:
b. Run @RISK’s fitting procedure on the data. Is the distribution that you choose in part a the best fitting distribution? Does the distribution you choose in part a fit the data closely enough to be chosen?
c. We did not use all the information we had when we ran the preceding fitting procedure. Waiting times can never be negative. Therefore, rerun @RISK’s fitting procedure setting the lower bound to be fixed at zero.
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Related Book For
Making Hard Decisions with decision tools
ISBN: 978-0538797573
3rd edition
Authors: Robert Clemen, Terence Reilly
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