Standard deviation of the time between customers

Assignment Help Basic Statistics
Reference no: EM131913101

Customers arrive at Flourish and Blotts randomly and independently of each other at a rate of 10 per day, on average. Assume that Flourish and Blotts is open 24 hours a day and a customer has just arrived.

a) What is the average time between customers and the standard deviation of the time between customers?

b) What is the probability that the next customer arrives in the next hour?

c) What is the probability that no customers arrive in the next hour?

d) What is the probability that the next customer arrives in 60 - 90 minutes time?

Reference no: EM131913101

Questions Cloud

Determining the standard deviation : A set of data has a mean of 66 feet and a standard deviation of 3 feet ( and has a bell shaped curve). Describe completely.
Perform a horizontal analysis of revenues and gross profit : Perform a horizontal analysis of revenues and gross profit-both in dollar amounts and in percentages-for 2014 and 2013.
Which project should you accept and why : The required rate of return is 14.6 percent for project A and 13.8 percent for project B. Which project should you accept and why?
Sampling procedure created a biased sample : Is it likely that the sampling procedure created a biased sample? Discuss, including suggestions for improvement if appropriate.
Standard deviation of the time between customers : a) What is the average time between customers and the standard deviation of the time between customers?
What value should be assigned to companys ending inventory : The McQuenny Company's ending inventory is composed. What value should be assigned to the company's ending inventory assuming that it applies the LCM method?
How much should you be willing to pay for bond x today : What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. %
Population with a normal distribution : In a complete study, there is a known population with a normal distribution µ=25. and s=12. what is the estimated effect size if a sample
Prepare a schedule showing the distribution of net income : McGill and Smyth have capital balances on January 1 of $41,000. Prepare a schedule showing the distribution of net income, assuming net income is $27,000.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

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