The elm street branch opens a second lane

Assignment Help Basic Statistics
Reference no: EM131136841

Please read the scenario and answer the  question basis on the scenario.

Scenario Three: On Friday's the Elm Street branch opens a second lane (window) during its 8 hours of operation in order to accommodate employees from a local manufacturing plant who want to deposit their paychecks. When a customer in the single line reaches the front of the line, it would go to the next available lane (window) for service. On Friday's customers arrive at the rate of about 14 every hour according to a Poisson distribution and, on average, each customer service person can process a transaction every 3 minutes, following an exponential distribution. The salary and benefits for a bank teller at the Elm Street branch is $18.50 per hour. If it has been estimated that the waiting time cost per hour is $62.00 per hour in line.

The table given below shows the workings of waiting times

Parameter

      Value

    Minutes

  Seconds

M/M/s

 

 

 

Arrival rate(lambda)

14

 

 

Service rate(mu)

20

 

 

Number of servers

2

 

 

Server cost $/time

18.5

 

 

Waiting cost $/time

62

 

 

Average server utilization

0.35

 

 

Average number in the queue(Lq)

0.1

 

 

Average number in the system(L)

0.8

 

 

Average time in the queue(Wq)

0.01

0.42

25.13

Average time in the system(W)

0.06

3.42

205.13

Cost (Labor + # waiting*wait cost)

43.06

 

 

Cost (Labor + # in system*wait cost)

86.46

 

 

The probability table is given below

       Prob (num in sys = k) 

   Prob (num in sys <= k) 

    Prob (num in sys >k) 

0

0.48

0.48

0.52

1

0.34

0.82

0.18

2

0.12

0.94

0.06

3

0.04

0.98

0.02

4

0.01

1

0.01

5

0.01

1

0

Question 1: What is the average number of customers in the system?

Question 2: What is the average number of customers in line “behind” the customer(s) receiving service?

Question 3: What is the average waiting time a customer spends in the system?

Question 4: What is the average time a customer is in the queue waiting to be serviced?

Question 5: What is the probability that there are no customers in line or being serviced?

Question 6: What percentage of the time are the customer service persons busy?

Question 7: How much total time would customers spend waiting in line to be serviced (queue) on a typical day?

Question 8: What is the total daily cost of customers waiting in line to be serviced (queue) on a typical day?

Question 9: What is the total daily cost of customers waiting in the system on a typical day?

Question 10 what is the total daily cost of customers waiting in the system plus the cost of service on a typical day?

Reference no: EM131136841

Questions Cloud

Complete a diagnostic battery : Demonstrate both breadth and depth of knowledge and critical thinking appropriate to graduate-level scholarship - Introduction of the person or the character you are diagnosing
How a structured process such as six sigma methodology : Explain in detail why data analysis skills are so important to Data Analysis Skills and Thinking. Describe how a structured process such as Six Sigma methodology (Chapter 4) can be useful to identify spending patterns and identify opportunities fo..
Illustrate the relationship between art and society : How is art a reflection of society? Explain with at least two examples to illustrate the relationship between art and society. These two examples may be from the text or of your own selection.
Calculate the standard deviation of the slope and intercept : Use linear least squares to find the equation for the line representing the decrease in fluorescence relative to the volume of standard fluoride Vs.
The elm street branch opens a second lane : Scenario Three: On Friday's the Elm Street branch opens a second lane (window) during its 8 hours of operation in order to accommodate employees from a local manufacturing plant who want to deposit their paychecks. When a customer in the single line ..
Horizontal analysis of the income statement : You will need to collect data for the latest three years for the selected companies from the financial statements and other relevant information and conduct: Horizontal analysis of the Income Statement and Cash Flow Statement and Vertical analysis ..
Calculate on the basis of mortality table : Calculate on the basis of mortality table given below.- Net annual premium at 5% rate of interest for a five years term insurance for $1000 effective at the age of 60 years.
Should traditional sports be excluded from high school : Should traditional sports such as Football, Volleyball and Basketball be excluded from high school PE to make room for more lifelong, individual activities like Tennis, Weight Training, Yoga, Running, Walking and overall physical conditioning? Exp..
Write the journal entry necessary to record the company : Write the journal entry necessary to record the Company's "Selling, general, and administrative expenses" for 2014, assuming that 90 percent of the expense was paid for with cash while 10 percent was paid for on credit to regular suppliers.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Solve the mean and standard deviation equations

Solve the mean and standard deviation equations

  Remaining concentration of the first ion

An aqueous solution that 2.10 M in AgNO3 is slowly added from a buret to an aqueous solution that is 1.50×10-2 M in Cl- and 0.250 M in I-. When the second ion begins to precipitate, what is the remaining concentration of the first ion?

  Consider a hypothesis test on a mean of a normally

consider a hypothesis test on a mean of a normally distributed population where the hypothesis are h0 mean10. h1 mean

  Confidence interval with a margin for error

How large a sample size will need to be selected if we wish to have a 99% confidence interval with a margin for error of .10 oz?

  Probability-color smart television sets

The manufacturer of the ColorSmart-5000 television set claims that 95 percent of its sets last at least five years without needing a single repair.

  Calculate confidence interval for the proportion

In the week before and the week after a holiday, there were 10,000 total deaths, and 4972 of them occurred in the week before the holiday.

  Female and major in civil engineering

At a certain college, 45% of the students are female, and 17 % of the students major in civil engineering. Furthermore, 12% of the students both are female and major in civil engineering.

  If the population standard deviation of the lifetime of

if the population standard deviation of the lifetime of washing machines is estimated to be 900 hours how large a

  Does your experimental drug affect cholesterol you run a

does your experimental drug affect cholesterol? you run a study where the 15 subjects in group 1 receive the

  Suppose a random sample of 90 measurements is selected from

suppose a random sample of 90 measurements is selected from a population with a mean of 35 and a variance of 300.

  Control limits using individual chart

Construct appropriate control charts for before and after introduction of the new pathway. Discuss process stability and the results.

  Describe the possible outcomes for selecting one section

A student has to have an accounting course and an economics course the next term. Assuming there are no schedule conflicts, describe the possible outcomes for selecting one section of the accounting course and one of the economics course if there..

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