1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mart [117]
3 years ago
10

A bank wishing to increase its customer base advertises that it has the fastest service and that virtually all of its customers

are served in less than 11 minutes. A management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 6 minutes. Determine what the bank means when it claims 'virtually all' its customers are served in under 11 minutes.
Business
1 answer:
const2013 [10]3 years ago
8 0

Answer:

Proportion of customers served in under 11 minutes =   0.8401

Explanation:

Please the solution attached .

Download pdf
You might be interested in
To encourage compliance with its labor standards, the ILO relies on all of the following except:A) PublicityB) DiplomacyC) Techn
anygoal [31]

Answer: Option (D)

Explanation:

<em>ILO</em> is abbreviated as <em>International Labour Organization</em> is known as the UN body whose decree is to provide advancement in the social justice and thus also promote the respectable and appropriate work thereby setting and developing the international labour specifications. It is considered as the first specialised body of the United Nations.

ILO does not uses Lawsuits in order to encourage compliance with the labour standards.

8 0
3 years ago
g A monopoly is a market that has Group of answer choices Only one buyer. Only one seller. Many sellers who sell differentiated
Dahasolnce [82]

Answer:

Only one seller.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

Also, a monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

For example, a public power supply company is an example of a monopoly because it serve as the only source of power supply to the general public in a society.

A public power company refers to a company that provides power (electricity) utility to the general public of a society.

In conclusion, a monopoly is a market that has only one seller.

5 0
3 years ago
What is the difference between carriage forward and carriage paid?
USPshnik [31]

Answer: carriage forward means delivery is being laid by the buyer. Carriage paid means delivery is paid by the seller.

7 0
2 years ago
What is a beneficiary? Question 50 options: The person who files insurance claims on your behalf The person who determines wheth
Zina [86]
A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor. For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.
6 0
3 years ago
Assume that production will increase to 32,000 jars of salsa during june. by how much will the production cost increase compared
VikaD [51]

For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.

$0.95 x 9 jars = $8.55

For every jar Neha buys, she spends $0.95, and buying 9 jars in total, she pays $8.55 in total.

Learn more about cost here brainly.com/question/14358130

#SPJ1.

6 0
2 years ago
Other questions:
  • You receive a raise at work, and now earn more money. As a result, your demand for bus travel decreases. This shows that bus tra
    9·1 answer
  • Joseph exchanged land (tax basis of $34,000), that he had held for 4 years as an investment, for similar land valued at $42,000
    12·1 answer
  • Deshawn is in his fifth year of employment as a patrol officer for the metro police. his salary for his first year of employment
    9·2 answers
  • A company can deem an employee as salaried
    7·1 answer
  • PLEASE HELP ASAP!!
    7·1 answer
  • Suppose you can afford to invest $1,000 each month into an account that pays 15% per year. How many years will you need to make
    11·1 answer
  • What is positive technological​ change? Positive technological change is when A. a firm is able to produce more output with the
    9·1 answer
  • What would likely have the most severe immediate effect on an economy? Multiple Choice A significant drop in exports. The Fed's
    7·1 answer
  • Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it
    8·1 answer
  • Why has it become more difficult for teens to find part-time and summer work
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!