Customers arrive at the veryfast bank as a poisson process

Assignment Help Basic Statistics

Reference no: EM131083517

Customers arrive at the Veryfast Bank as a Poisson process of rate λ customers per minute. Each arriving customer is immediately served by a teller. After being served, each customer immediately leaves the bank. The time a customer spends with a teller is called the service time. If the service time of a customer is exactly two minutes, what is the PMF of the number of customers N(t) in service at the bank at time t?

Reference no: EM131083517

Questions Cloud

Evaluate the formation constant kt for the process : Provided the analytical concentration of the chelating reagent exceeds that of Ni(II) by a factor of 5 (or more), the cation exists, within the limits of observation, entirely in the form of the complex. Use the accompanying data to evaluate the f..

Reduce the amount consumers spend on health care : One way to reduce the amount consumers spend on health care is to raise the price of health care by increasing the health insurance copayment (i.e., the portion of the price patients must pay themselves). At current copayment levels, if the price ela..

How to use business as a force for good : What is the difference between a B Corporation, a Non-Profit Corporation, and a For-Profit Corporation? What is so great about the global B Corporations? How can you learn to lead from what they have done?

Reduce the budget deficit : As part of his plan to reduce the budget deficit, President Clinton proposed raising the excise tax on gasoline by 50 cents per gallon. While passage of this proposal was blocked by Congress, what would have happened to the sales of gasoline if the p..

Customers arrive at the veryfast bank as a poisson process : Customers arrive at the Veryfast Bank as a Poisson process of rate λ customers per minute. Each arriving customer is immediately served by a teller. After being served, each customer immediately leaves the bank.

Government complain that two proposed government programs : Advocates of small government complain that two proposed government programs will steal the market from small businesses: One program will foster a major increase in the government production of bread; the second will increase the government producti..

Plot both demand curves and the supply curve : Consider a market with two consumers, A and B that have individual demand functions of q D A = 12 2p q D B = 9 p and a market supply function of Q S = 4 + 2p. Plot both demand curves and the supply curve.

Knowledge and intellectual capital : (a) What kind of knowledge and intellectual capital is NASA losing and what effect does this have onthe organization? (b) What should NASA do to prevent the loss of knowledge when senior engineers retire? What dothey need to do to ensure that the e..

What are the equilibrium price and quantity in this market : A market for baby bottles has the following supply and demand functions qS = 6 + 3p qD = 14 2p. What are the equilibrium price and quantity in this market? Calculate the Consumer Surplus, Producer Surplus, and Total Welfare levels. 2

User Account

All Pages