You need to ensure the team is the most effective possible

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Reference no: EM132266081

1. Suppose that the time between successive phone calls to a local bank is 25 seconds on average. If you just got a phone call, what is the probability that you would wait for at least one minute to receive the next call?

2. Historically, a customer at CostCo spends $85 on average and the standard deviation is $30. If 500 customers shop in a given day, what is the probability that at least 30% of all customers spend at least $100.

3. As the leader who has responsibility for moving the organization ahead, you have been assigned the task of developing the vision for the future. How would you do this? Who would be included in the process? What criteria will you use to select members for the committee? What type of training would you need to ensure the team is the most effective possible?

Reference no: EM132266081

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