subject
Business, 07.05.2021 17:20 kaylijocombs

Neve Commercial Bank is the only bank in the town of​ York, Pennsylvania. On a typical​ Friday, an average of 1010 customers per hour arrive at the bank to transact business. There is one teller at the​ bank, and the average time required to transact business is 33 minutes. It is assumed that service times may be described by the negative exponential distribution. A single line would be​ used, and the customer at the front of the line would go to the first available bank teller. If a single teller is​used:​ a) The average time in the line (minutes)​ =
b) The average number in the line​ (customers) =
​c) The average time in the system (minutes)​ =
d) The average number in the system (customers)​ =
​e) The probability that the bank is empty​ =
​f) CEO Benjamin Neve is considering adding a second teller​(who would work at the same rate as the​ first) to reduce the waiting time for customers. He assumes that this will cut the waiting time in half:
If a second teller is​ added, the average time a customer spends in the queue​ =
If a second teller is​ added, the average number of customers in the queue​ =  
If a second teller is​ added, the average time a customer spends in the system​ =
If a second teller is​ added, the average number of customers in the system​ =  
If a second teller is​ added, the probability that the bank is empty​ =
​(round your response to two decimal​ places).

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 06:40
Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.
Answers: 2
question
Business, 22.06.2019 23:40
Four key marketing decision variables are price (p), advertising (a), transportation (t), and product quality (q). consumer demand (d) is influenced by these variables. the simplest model for describing demand in terms of these variables is: d = k – pp + aa + tt + qq where k, p, a, t, and q are constants. discuss the assumptions of this model. specifically, how does each variable affect demand? how do the variables influence each other? what limitations might this model have? how can it be improved?
Answers: 2
question
Business, 23.06.2019 08:00
Which of the following is a benefit of a hat? it has a sports team logo on it. it makes the wearer look cool. it is red. it costs $12.
Answers: 2
question
Business, 23.06.2019 10:30
Grant wants to transfer the ownership of his warehouse to holly by deed. to do so requires
Answers: 2
You know the right answer?
Neve Commercial Bank is the only bank in the town of​ York, Pennsylvania. On a typical​ Friday, an a...
Questions
question
Mathematics, 08.04.2021 16:00
question
Mathematics, 08.04.2021 16:00
question
Physics, 08.04.2021 16:00
question
Mathematics, 08.04.2021 16:00
Questions on the website: 13722367