Question

In: Statistics and Probability

Assignment 7a (GBUS303)                                    Name: Willow Bro

Assignment 7a (GBUS303)                                    Name:

Willow Brook National bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random with a Poisson distribution with arrival rate of 20 customers per hour. (All applicable formulas are required)

1). how much is the mean number of arrivals per minute? the arrival rate λ.

Assume that the service times for the drive-up teller follow an exponential probability distribution with a service rate of 40 customers per hour.

2) how much is the mean number of customers that can be served per minute? the service rate μ.  

3) The probability that no customers are in the system

4) The average number of customers waiting

5) The average number of customers in the system

6)the average time a customer spends waiting

7) The average time a customer spends in the system

8) The probability that arriving customers will have to wait for service.

9) The probability that 3 customers in the system.

Solutions

Expert Solution

Answer:

a)

Given,

Arrival rate = = 20 customer/hour

b)

Service rate = = 40 customers/hour

c)

Probability of no customers in queue = 1 - /

substitute values

= 1 - 20/40

= 1 - 0.5

Po = 0.5

d)

The average number of customers waiting = ^2 / ( - )

substitute values

= 20^2 / (40(40 - 20))

= 400/800

= 0.5

e)

The average number of customers in the system = /( - )

substitute values

= 20/(40 - 20)

= 20/20

= 1

f)

The average time a customer spends waiting = /(( - ))

substitute values

= 20/(40(40-20))

= 0.025 hrs

= 1.5 min

g)

The average time a customer spends in the system = 1/( - )

substitute values

= 1 / (40-20)

= 1/20

= 0.05 hrs

= 3 min

h)

The probability that arriving customers will have to wait for service = /

substitute values

= 20/40

= 0.5

i)

The probability that 3 customers in the system = (/)^3 * Po

substitute values

= (20/40)^3*0.5

= 0.0625


Related Solutions

The following accounting information exists for the Aspen and Willow companies: Aspen Willow Cash $ 12,000...
The following accounting information exists for the Aspen and Willow companies: Aspen Willow Cash $ 12,000 $ 22,000 Wages payable 20,000 22,500 Merchandise inventory 29,805 58,400 Building 40,000 90,000 Accounts receivable 38,480 31,000 Long-term notes payable 90,000 100,000 Land 50,000 60,000 Accounts payable 38,000 45,500 Sales revenue 240,000 290,000 Expenses 190,000 230,000 Required a-1. Determine the amount of current assets and current liabilities for each company. a-2. Compute the current ratio for each company. b. Assuming that all assets and...
Below is a traditional cost-volume–profit graph for Willow, Inc for the month of July. Willow, Inc...
Below is a traditional cost-volume–profit graph for Willow, Inc for the month of July. Willow, Inc sells a single product- a specialty chair. The graph is not to scale. cvp graph The points on the graph are as follows: A: (0, 2800) B: (1000,47500) C: (1000, 36000) 1. What is the per unit selling price for each chair? 2. What is the fixed costs for the month of July? 3. What is net income when 1000 chairs are sold? 4....
HA 440                  GRADED Assignment # 2               Name _____________________________ Compl
HA 440                  GRADED Assignment # 2               Name _____________________________ Completion Complete each statement.             1.   Expenses are ________________________ costs that have been __________________________ while doing business             2.   Three categories of healthcare expenses are ______________________________, ________________________________ and Operations Expenses             3.   A program can be defined as a __________________________ that has its own objectives             4.   _____________________ costs can be specifically associated with a particular unit, department or patient             5.   A Responsibility Center makes a manager responsible for both the...
BUS115 Module 4 Assignment - Table Template Student Name: Overview In this assignment, you will describe...
BUS115 Module 4 Assignment - Table Template Student Name: Overview In this assignment, you will describe the consumer buying process of a significant purchase. Additionally, using different models of basketball shoes, you will identify target markets. You will breakdown the marketing mix (Product, Price, Place, Promotion) for each segment, identifying each element including pricing strategies and tactics. INSTRUCTIONS Select a product, one that would be a more significant household purchase (a big ticket item) than an everyday product. Describe the...
a) For a particular redox reaction BrO- is oxidized to BrO3- and Fe3+ is reduced to...
a) For a particular redox reaction BrO- is oxidized to BrO3- and Fe3+ is reduced to Fe2+. Complete ad balance the equation for this reaction. BrO- +Fe3+ => BrO3- +Fe2+ B) Rank the species by ability to act as an oxidizing agent: Ag+, Na+, Sn2+, Cr3+
BUSD 1013 – Introduction to Management – Assignment Template Name: Student ID: Note: see assignment description...
BUSD 1013 – Introduction to Management – Assignment Template Name: Student ID: Note: see assignment description in Moodle – sections 9,10 should be a maximum of 2 pages Section 9: Operations plan Reference course materials – Key Items to Consider How will I ensure we have efficient operations to maximize our resources and keep costs competitive? How will I ensure customers find it easy to do business with my company (from learning about us, booking orders, scheduling, using our services...
Assignment #3 – Geometry Calculator Assignment Objectives Task #1 void Methods 1. Name the program file...
Assignment #3 – Geometry Calculator Assignment Objectives Task #1 void Methods 1. Name the program file Geometry.java. This program will compile, but, when you run it, it doesn’t appear to do anything except wait. That is because it is waiting for user input, but the user doesn’t have the menu to choose from yet. We will need to create it. 2. Below the main method, but in the Geometry class,create a static method called printMenu that has no parameter list...
For this assignment, You will create a NodeJS application which takes a city name as an...
For this assignment, You will create a NodeJS application which takes a city name as an input in its pug template. using openweathermap API, you should get the weather of that particular city and displays that information to a new pug template. You should also store the results in a file in your directory. Following are the detailed requirements. Your application should start with a pug template (similar to HTML page) which has a form with an input field and...
For a particular redox reaction BrO– is oxidized to BrO3– and Ag is reduced to Ag....
For a particular redox reaction BrO– is oxidized to BrO3– and Ag is reduced to Ag. Complete and balance the equation for this reaction in basic solution. Phases are optional.
2. The utility function for Abe (A) and Bro (B) are as follow: UA = XAYA...
2. The utility function for Abe (A) and Bro (B) are as follow: UA = XAYA UB = XBYB0.5 Where the initial endowment of X and Y are: XA = 20, YA = 20, XB = 8, YB = 100 a) Calculate the marginal rate of substitution of X and Y for Abe and Bro at their initial endowment point. b) Assume that the amount of X and Y is fixed, draw the Edgeworth diagram and label the initial allocation...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT