What is probability that delays will occur

Assignment Help Business Management

Reference no: EM1379831

Q. willow brook national bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekly mornings, arrival to drive-up teller window occurs at random, with an arrival rate of 24 customers per hour or 0.4 customers per minute.

A. What is mean or expected number of customers that will arrive in a five-minute period?

B. Assume that Poisson probability distribution can be used to describe arrival process. Use arrival rate in part (a) also computes probabilities that exactly 0, 1, 2 also 3 customers will arrive during a five-minute period.

c. Delays are expected if more than three customers arrive during any five-minute period. What is probability that delays will occur?

Reference no: EM1379831

Questions Cloud

Explain what is meant by term contingent workforce : Explain what is meant by term contingent workforce also discuss pros also cons for both employer also employee.

Three classifications of communication methods : In project communications, there are typically three classifications of communication methods. What are these classifications? Please describe each.

Who knew that delilah was acting on behalf of someone : who knew that Delilah was acting on behalf of someone but not whom; also Giorgio, who did not know that Delilah was acting on anyone's behalf. For which contracts, if any, are you liable.

Perspective of provisions of ebusiness services : Discuss and explain the different roles you might think be fulfilled through Web Services and Web Portals. What do you see as main distinctions between two from the perspective of provisions of eBusiness services?

What is probability that delays will occur : Delays are expected if more than three customers arrive during any five-minute period. What is probability that delays will occur.

Discusses more recent implications of borrowing in a tight : As each of you may recall from your previous managerial finance courses, relationship. discusses more recent implications of borrowing in a tight credit market.

Unix system calls and library functions : CS4760 Operating Systems, Unix System Calls and Library Functions, The goal of this homework is to become familiar with the environment in hoare while practising system calls.

How transition from hundreds of independent mom : how such a transition from hundreds of independent mom also pop video stores to a few national chains could have taken place so quickly.

What will breakeven be at optimal price structure : Try a range of average check values from $ 1 to $20, compute corresponding demand also find revenue, costs, profits various prices. What is best price to charge. What will breakeven be at optimal price structure.

User Account

All Pages