In: Math
You are manager of a ticket agency that sells concert tickets. You assume that people will call 4 times in an attempt to buy tickets and then give up. Each telephone ticket agent is available to receive a call with probability 0.25. If all agents are busy when someone calls, the caller hears a busy signal.
Find n, the minimum number of agents that you have to hire to meet your goal of serving 95% of the customers calling to buy tickets.
We are given,
Each telephone ticket agent is available to receive a call with probability 0.25
So the probability that telephone ticket agent is not available to receive a call is 1 - 0.25 = 0.75
The people will call 4 times in an attempt to buy tickets and then give up.
So the probability that a caller / buyer fails to get through in 4 tries is
Let there are n number of agents.
An attempt is a failure if all n operators are busy,with probability
**....*n times
=
You have to serve at least 95% of the customers calling to buy tickets.
That is less than or equal to 5% of the customers fails to buy tickets.
So probability statement would be 0.05
taking log on both sides,
4n LN(0.75) LN(0.05)
4n
4n = = 10.4133
4n = 10.4133
n = 10.4133 / 4
n = 2.60 3
So there should be 3 number of agents that you have to hire to meet your goal of serving 95% of the customers calling to buy tickets.