What is the minimum value of p necessary to meet your goal

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In the ticket agency of Problem 2.2.6, each telephone ticket agent is available to receive a call with probability 0.2. If all agents are busy when someone calls, the caller hears a busy signal. What is the minimum number of agents that you have to hire to meet your goal of serving 95% of the customers who want tickets?

Problem 2.2.6

You are manager of a ticket agency that sells concert tickets. You assume that people will call three times in an attempt to buy tickets and then give up. You want to make sure that you are able to serve at least 95% of the people who want tickets. Let p be the probability that a caller gets through to your ticket agency. What is the minimum value of p necessary to meet your goal.

Reference no: EM131084115

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