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
Alchen [17]
3 years ago
8

You are planning a bank. You plan for six tellers. Tellers take 15 minutes per customer with a standard deviation of 7 minutes.

Customers arrive one every three minutes according to an exponential distribution (recall that the standard deviation is equal to the mean). Every customer that arrives eventually gets serviced.On average how many customer would be waiting in line?On average how many would a customer spend in the bank?If a customer arrived, saw the line, and decided not to get in line, that customer h____.A customer who enters the line but decides to leave the line before

Business
1 answer:
Oduvanchick [21]3 years ago
8 0

Answer:

<u>Task 1:</u>

Number of customers waiting in line = 1.85

<u>Task 2:</u>

Average time spent in the bank = 20.54 minutes

Explanation:

Workings are attached.

You might be interested in
Erin was a ski instructor in the winter. once the ski season was over, erin's job no longer existed. so now she is actively look
sp2606 [1]

Answer

Erin can collect unemployment insurance to help pay her bills.

Explanation

Unemployment insurance cover is one where individuals may receive benefits if they lost their jobs faultlessly and satisfy other requirements of course. Those that can not apply for unemployment cover include persons that terminated their employment willingly and self-employed individuals. The government uses taxes obtained from employers to create a fund that cover for unemployment insurance.


8 0
3 years ago
Read 2 more answers
A holder of a seller-server certificate serves an alcoholic beverage to an intoxicated person for a second time within a 12 mont
Hunter-Best [27]
According to the TABC, seller-server certification can be revoked if one is charged with breaking the laws concerning the sale of alcohol. The length of time that TABC certificate is revoked depends on the number of offenses committed within a period of 12 months. In this case, the holder made a second offence within 12 months, therefore, the holder will not be allowed to get a TABC certification again for 90 days. One is required to take some time off work since it appears he/she has a problem with breaking alcohol laws
5 0
2 years ago
Kevin Bacon is thinking about buying an investment. The investment option that he is thinking about buying is a written pledge b
Lesechka [4]

Answer:

Kevin is thinking about purchasing a corporate bond

Explanation:

Corporate bonds are bonds issued by firms.

Firms have two major instruments to attract investments from individual investors like Kevin: stocks and bonds.

Stocks are ownership certificates, their values and payouts fluctuates.

Bonds are debt certificates. Issuing them means the firms are obliaged to pay the interests until maturity and the face value of the bond at maturity.

6 0
3 years ago
Omega Company makes and sells jungle gyms and tree houses for children. For jungle gyms, the price is $150 and the variable expe
Whitepunk [10]

Answer:

b 5:3

Explanation:

Jungle gym sales unit : tree sales unit

10,000 : 6,000

10,000 / 6000

= 5/3

=5:3

6 0
3 years ago
Read 2 more answers
Is a stackelberg solution a Nash (stable) equilibrium? Explain. 2. Does the solution change if stackelberg game is considered in
e-lub [12.9K]

The Stackelberg solution can be used to find the perfect or stable Nash equilibrium or equilibria.

<h3>What is this equilibrium about?</h3>

Other answers:

Based on the above, Note that the strategy profile is one where one serves best each player, and based on the strategies of the other player and it covers the fact that all player playing in a Nash equilibrium must be in every subgame.

Note also that The Stackelberg leadership model is said to be a kind off strategic game  that is played in economics where the leader firm is known to moves first and then the follower firms is said to then move in a sequential manner and I think, the solution do not change if stackelberg game is considered in the long run.

I believe that the stackelberg leader will not collude with the stackelberg follower but in a lot of cases, there may be a collusion.

Yes, a Stackelberg leader can be more likely or less likely to merge with the follower firm as a merger can be profitable to them.

Learn more about equilibrium from

brainly.com/question/517289

#SPJ1

8 0
2 years ago
Other questions:
  • Gerstein Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-h
    14·1 answer
  • Keeping long-term customers is more beneficial than continually acquiring new customers because:
    8·1 answer
  • The balance of payments is a record of:___________
    5·1 answer
  • Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the
    11·1 answer
  • Help me pls thankyou​
    7·1 answer
  • You invest in a mutual fund that charges a 3% front-end load, 2% total annual fees, and a 3% back-end load, which decreases .5%
    9·1 answer
  • Gerald's tire store sets itself apart from competitors by the extra attention it pays to providing fast, courteous service in a
    6·1 answer
  • How you will gather and formulate your data
    6·1 answer
  • 7. How can this nation produce more capital goods today?
    7·1 answer
  • Set up abs solve an equation for the following business situation
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!