Neve commercial bank case analysis

Assignment Help Business Management
Reference no: EM132914629

Neve Commercial Bank Case Analysis
1. Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is currently one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by the negative exponential distribution. If a single teller is used, find the following details:

o The average time in the line.

o The average number in the line.

o The average time in the system.

o The average number in the system.

o The probability that the bank is empty.

2. CEO Benjamin Neve is considering adding a second teller (who would work at the same rate as the first) to reduce the waiting time for customers. A single line would be used, and the customer at the front of the line would go to the first available bank teller. He assumes that this will cut the waiting time in half. If a second teller is added, find the new answers to parts 1 to 5 .

Reference no: EM132914629

Questions Cloud

Discuss traditional and classical theories of organization : Discuss the Traditional and Classical Theories of Organization
Assign a newly-created virtual network : Assign a newly-created virtual network the name: 335assign, and set forwarding to any physical device and Set-up Firewall Rules for your Cloning-Source
Recommendation to assist alison wiggan : VentaCare Nursing Homes provides private care for over 500 residents in three different locations. The company employs 250 staff members with a variety of respo
Can officers working with the same criminal populations : Can officers working with the same criminal populations have differing views on victims? Can victimologists help correctional officers or do victimologists
Neve commercial bank case analysis : 1. Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hour arrive at the bank to trans
Why is it good for international trade to be a member : Why is it good for international trade to be a member of a trading bloc?
What is the loan eff : What is the loan's EFF%? Do not round intermediate calculations. Round your answer to two decimal places.
How do interpret the functions of a victimologist : How do you interpret the functions of a victimologist and a criminologist? Provide examples to elaborate on the functions of a victimologist and criminologists
Disadvantages of wi-fi networks at sporting venues : What are the advantages and disadvantages of Wi-Fi networks at sporting venues?

Reviews

Write a Review

Business Management Questions & Answers

  Evolution of knowledge management

Describe the major milestones in the evolution of knowledge management. Provide some examples of activities that, while not specifically denoted as "KM

  Define the four types of evaluation outcomes

Describe the three kinds of knowledge that can be evaluated in training and how they can be measured. Explain the four types of evaluation outcomes identified in the text.

  What traits does the leader possess

Name a figure in the business environment whom you would identify as a successful leader.

  Marketing group at an outdoor apparel retailer

If one or both of these teams reported to you, what could you do to reduce the conflict by using Wageman and Donnenfelds's conflict intervention model.

  Operating in a full employment

A country is operating in a full employment . using a correctly a labelled aggregate demand and aggregate supply and show the following

  How to establish the team and bringing them together

A good leader has the confidence and knowledge on how to establish the team and bringing them together to gain the answers through research can have an upper hand with being successful and advancing in the work environment.

  Identify the components of crm

Identify the components of CRM and explain each with a couple of key points.

  Consider the different modes of transportation

Consider the different modes of transportation. Evaluate and discuss which would be the least expensive, why, and which carries the most freight.

  Compare three categories of employees

Compare three categories of employees (such as full time, part time and salary), the advantages of each of the categories compared to independent contractors

  Narrow spans and others wide spans

Define span of management. Why do some organizations have narrow spans and others wide spans?

  Online tutorial for uml class diagram

Online tutorial for UML class diagram 1. Study the scenario given below for Student Registration System:

  Long-run world oil demand equation

Recall that the long-run world oil demand equation is Upper Q equals 41.6 minus 0.12 Upper PQ=41.6-0.12P and the long-run total oil supply equation is Upper Q equals 26.3 plus 0.071 Upper PQ=26.3+0.071P.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd