Whats probability that no one will arrive in next 1o minutes

Assignment Help Basic Statistics
Reference no: EM131418160

Bank tellers

I am the only bank teller on duty at my local bank. I need to run out for 10 minutes, but I don t want to miss any customers. Suppose the arrival of customers can be modeled by a Poisson distribution with mean 2 customers per hour.

a) What's the probability that no one will arrive in the next 10 minutes?

b) What's the probability that 2 or more people arrive in the next 10 minutes?

c) You've just served 2 customers who came in one after the other. Is this a better time to run out?

Reference no: EM131418160

Questions Cloud

Build power within an organization : Explain power bases. How does one build power within an organization? How are power and politics related within an organization?
In your opinion what competencies are needed to succeed : In your opinion, what competencies are needed to succeed? What characteristics of an applicant would you look for if you were a HR manager
Describe the characteristics of the minority magazines : Analyze ALL the ads (number of ads, percentage of what product category, models of different race/ethnicity, major/supporting/marginal role, business/home/outdoor setting, skin tone, gender, celebrity, etc). Be sure to use tables and charts to com..
Prepare a digest of the deposition : Prepare a digest of the deposition for Mr. White, summarizing the key answers and information that you can obtain from that deposition.
Whats probability that no one will arrive in next 1o minutes : What's the probability that no one will arrive in the next 10 minutes?- What's the probability that 2 or more people arrive in the next 10 minutes?
Building coherent paragraphs : Your Task:  Use the following facts to construct a coherent paragraph with a topic sentence and appropriate transitional expressions in the supporting sentences.
Three-month shutdown period : Ashley expected the store to earn a net income of $30,000 during the three-month shutdown period if the loss had not occurred. During the shutdown period, there were no revenues, and Ashley had continuing expenses of $10,000. How much will Ashley ..
What is the value of a european call : What is the value of a European call on gold with a strike price of $1050? What is the hedge ratio and Redo A. When the price of gold can either rise by 20% or fall by 10%.
What is the probability of no hurricanes next year : What's the probability of no hurricanes next year?- What's the probability that during the next two years, there's exactly 1 hurricane?

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