Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the average time is 4 minutes and the probability

the average time is 4 minutes and the probability is 0.27. determine the...

80.2K

Verified Solution

Question

Accounting

the average time is 4 minutes and the probability is 0.27.
determine the average number of customers waiting to use the machine???
image
Many of a bank's customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. This can be modeled using a Poisson distribution. Each customer spends an average of 87 seconds completing his or her transactions. Transaction time is exponentially distributed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

This week, a very large running race (5K) occured in Denver. The times were normally distributed,...

Statistics
Q

In terms of a trademark, what is a "likelihood of confusion"?

General Management
Q

Claire needs to borrow 4000 to pay for NHL season tickets for her family She...

Algebra
Q

Background for the Pharma, Inc. Corporate Inversion: Pharma, Inc. has net revenue of an average...

Accounting
Q

At a sales volume of 38,500 units, Choice Corporation's sales commissions (a cost that is...

Accounting
Q

1.Given the following October 2017 data for the Paquette Company: Using the Retail method,...

Accounting
Q

Sunland Company had $ 186,200 of net income in 2021 when the selling price per...

Accounting
Q

Reimbursement Tyne answer here Profitor Loss Type answer here ne whether this was a good...

Accounting
Q

The concept of redundancy in management control is generally defined as: A. Holding employees accountable...

Accounting
Q

The Company's cash account shows a $29,193 debit balance and its bank statement shows $28,152...

Accounting
Q

Bonds with a face value of $340000 and a quoted price of 97.25 have a...

Accounting
Q

Happy Hospitals contracted payment rates for Payers A, B, and C for inpatient delivery services...

Finance