Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Q. willow brook national bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekly mornings, arrival to drive-up teller window occurs at random, with an arrival rate of 24 customers per hour or 0.4 customers per minute.

A. What is mean or expected number of customers that will arrive in a five-minute period?

B. Assume that Poisson probability distribution can be used to describe arrival process. Use arrival rate in part (a) also computes probabilities that exactly 0, 1, 2 also 3 customers will arrive during a five-minute period.

c. Delays are expected if more than three customers arrive during any five-minute period. What is probability that delays will occur?

 

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9315132

Have any Question?


Related Questions in Business Management

Read case 12-1 lorne inc beginning on page 354 of your

Read Case 12-1, Lorne Inc. beginning on Page 354 of your text. Using a minimum of 500 words, describe what recommendations should be made with respect to the Hexonic acid contract? Imagine if you were in the position of ...

Questionprepare a 12 slide powerpoint presentation that

Question: Prepare a 12 slide PowerPoint presentation that outlines your proposal to the stakeholders who would approve or deny your plan. Include the following: 1. Present the prevailing pressure that threatens organizat ...

How does the potential barriers to effective strategic

How does the potential barriers to effective strategic planning in the health care environment differ from barriers encountered in the general business world?

After conducting a study of company a business consultant

After conducting a study of company, a business consultant realized this organization has low instrumentality for pay. As a result, the consultant would most likely recommend that the company 1. Give bonuses for people w ...

What are the differences between the federal aviation

What are the differences between the Federal Aviation Administration and the Civil Aviation Authority

Both australia and singapore are common law countries

Both Australia and Singapore are common law countries. Singatron and Semicontronics conclude their first round of negotiations with a Letter of Intent (LOI). If the deal falls through, will either party be bound to its c ...

What are some factors to consider when determining which

What are some factors to consider when determining which sorting algorithm would be best to utilize? Provide an example of how a list of elements can be sorted in an efficient manner.

What are some of the differences between a manager and a

What are some of the differences between a Manager and a Leader, and why is his distinction so important?

Which are five process functional areas of project

Which are five process functional areas of project management framework. Describe main objectives of each functional area and project risk factors face by information technology.

Parmigiano-reggiano global recognition of geographical

Parmigiano-Reggiano: Global Recognition of Geographical Indications What historical factors have helped support the consortium's claims for the geographic specificity of Parmigiano-Reggiano and Parmesan? What are the eco ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As