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Run the simulation model for Hammondsport Savings Bank's single ATM machine with the following assumptions: 1. Interarrival time between two customers is a uniform probability distribution between 0 to 4 minutes and 2. Customer service time is a normal distribution with the mean = 4 minutes, standard deviation of 0.45 minutes. Write a formal report with a table of contents, introduction of the problem with, method used with assumptions, detail calculation (grab the resultant excel table and include it in your MS Word document,) use the last 150 rows to calculate the average waiting time. Your conclusions should include (1) whether the requirement that the average waiting time should be not be greater than 1 minute is met. (2) If it is met, show under what situations the requirement will not be met; or (3) if it is not met, suggest what can be done to improve. Quantify case (2) or case (3) (in other words, you need to show two excel tables in your MS Word report.)
A vertical line is drawn through a normal distribution at z = -0.25, and separates the distribution into two sections. What proportion of the distribution is in the larger section?
The management of discount furniture, a chain of discount furniture stores in the northeast, designed an incentive plan for salespeople. To evaluate this innovative plan, 12 Salespeople were selected at random
A sample of 64 observations is selected from a normal polulation with a population standard deviation of 15. The sample mean is 215. Ho: U>= 220 and H1: U
Repetitions of numbers are not permitted, i.e., the same number cannot be used more than once in a total sequence. As examples, 27, 94 or 55 would not be permitted. How many different code groups can be designed?
Produce a scatter plot of MCG attendance (dependent variable) against combined club membership (independent variable) and comment on the apparent relationship between these variables.
Suppose that 245 such companies are selected independently and at random. What is the probability that 191 companies in the sample electronically monitor their employees?
An aircraft manufacturer is attempting to determine if the average leg length of the adult male has changed from 44". A sample of 81 men was selected randomly
Suppose that 15% of the population is left-handed. If 20 people are selected at random, find the probability that exactly 4 of them are left-handed.
Find out the Optimum solution using the given data. Consider the following linear programming problem. Illustrate what is the optimum solution to this problem?
How to determine the probability that a randomly selected player bats over 0.300? How to determine the probability that a team of 25 players will have a mean above 0.275?
Rachel's Z score indicates that she is below average for those who took the ACT
Find a 99% confidence interval for the population mean annual number of reported larceny cases in such communities. What is the margin of error? (Round your answers to one decimal place.)
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