Find probability that time taken for customer is more

Reference no: EM13123350

Q1. A small bank has two cashiers dealing with customers wanting to withdraw or deposit cash. For each cashier, the time to deal with a customer is a random variable having a normal distribution with mean 150s and standard deviation 45s.

A. Find the probability that the time taken for a randomly chosen customer to be dealt with by a cashier is more than 180s.

B. One of the cashier deals with two customers, one straight after the other.

Reference no: EM13123350

Questions Cloud

Explain how much loss can gerald deduct : High Air reported a $15,000 loss for its X9 calendar year. Explain how much loss can Gerald deduct, and how much loss must he suspend if he only applies the tax basis loss limitation?

Compare the effects of renouncing citizenship : Decide if either of these actions is warranted in your particular case and state why you think that way.

Transactions pertaining to stock investments : Nagen Company had these transactions pertaining to stock investments:

Evaluate what is your total purchase price : You purchase 30 bonds with a coupon rate of 5 7/8 and a current market price of 89. The commission charge is $15.00 per bond. The date of the transaction is September 1, and the bond pays interest on January 1 and July 1. Evaluate what is your tot..

Find probability that time taken for customer is more : Find the probability that the time taken for a randomly chosen customer to be dealt with by a cashier is more than 180s.

What are the five components of internal control : How will the conduct of an audit of a medium-sized company be affected by the company's being a small part of a large conglomerate as compared with being a separate entity?

Illustrate what journal entry would chen make : As a result of the exercise of the 24,000 rights and the issuance of the related common stock, illustrate what journal entry would Chen make?

What percent of the first chemical will have been converted : What percent of the first chemical will have been converted in 20min? In how many minutes will 60% of the first chemical have been converted?

Draw journal entries to record these events : 1,500 Memberships were sold to the public in the amount of $40 each. Membership provides the individual with a monthly magazine and other benefits. The estimated fair value of member benefits is $25. The member year runs from July 1 to June 30.

User Account

All Pages