What is the average time between customers

Assignment Help Basic Statistics
Reference no: EM131910753

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: EM131910753

Questions Cloud

What is the probability that a survey : What is the probability that a survey of 250 respondents would indicate 5% or more would buy an ebook?
Determine the length of stay for a mi patient : Question of Interest? Can gender be a precipitating factor to determine the length of stay for a MI patient?
Describe the political and legal systems : Will your presence in this country be helpful in your attempts to invest in other developing countries?Why did you choose this location for your bank?
In what ways does shakespeare use character dramaturgically : In what ways does Shakespeare use the character dramaturgically (comic relief, informative, contrast, etc.)? Is the character's name significant?
What is the average time between customers : What is the average time between customers and the standard deviation of the time between customers?
How do cross-cultural differences affect the use of power : What are some examples of individual and organizational sources of power and their consequences for followers and organizations?
What is an annotated bibliography : What is an Annotated Bibliography? Writing an Annotated Bibliography begins with your research and reading processes.
Write an article about ceos and presidents for a management : Write an article about "CEOs and presidents" for a management journal. You have decided to compare the leadership styles of three leaders.
What is the variance of the distribution of means : Your sample of 12 people is being compared to a known population with a mean of 200 and a variance of 36. What is the variance of the distribution of means?

Reviews

Write a Review

Basic Statistics Questions & Answers

  The design between-subjects or within-subjects

(AT) The dataset ADHD Treatment has four scores per subject. a. Is the design between-subjects or within-subjects?

  Measures of central tendency-solution set

Students in the social work course received the following course grades. Create a frequency distribution for this data. Compute the mean. Determine the median.

  Establish income cutoff point for property tax cut

Homeowners and businesses pay taxes on the assessed value of their property. As a result, property taxes can be a problem for elderly homeowners.

  Probability that stronger team will be the overall winner

Two athletic teams, A and B, play a best-of-three series of games (i.e., the first team to win two games is the overall winner).

  Probability function of the number

a) What is the probability function of the number of granite specimens selected for analysis? b) What is the probability that all specimens of one of the two types of rock are selected for analysis?

  Explain random variable in a distribution?

Accepted characters: numbers, decimal point markers (period or comma), sign indicators (-), spaces (e.g., as thousands separator, 5 000), "E" or "e" (used in scientific notation).

  Find negative numbers correspond to students who lost weight

Positive values correspond to students who gained weight and negative numbers correspond to students who lost weight. Is a weight fain of 15 pounds of (6.8) kilograms unusual?

  Strength of a relationship between two variables

Correlation is used to determine the strength of a relationship between two variables. What kind of variables? Quantitative ones. The result of a correlation will be a number ranging between -1 and 1.

  Confidence interval for mean gpa

The undergraduate grade point average (GPA) for students admitted to the top graduate business schools was 3.37 (Best Graduate Schools, U.S. News and World Report, 2001).

  Calculation of the cost

In project management, the WBS helps with the calculation of the cost, time and work effort as well as the gathering of requirements from the customer.

  Major supply chain management vendor

Assign each group in the class to a major supply chain management vendor, such as SAP, Oracle, i2, IBM, and so on. Each group will investigate topics such as (a) the products, (b) major capabilities, (c) relationship to customer relationship manag..

  Independent-dependent and matched pairs

Determine whether the sampling method is independent or dependent for the following example. A researcher wants to know whether the newly issued "state" quarters have a mean weight that is different from "traditional" quarters.

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