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
Paladinen [302]
3 years ago
10

Customers arrive at a bank teller machine at the rate one every three minutes. Each customer spends an average of two minutes at

the teller machine. The arrival rate and the service rate are approximated by Poisson and negative exponential distributions respectively.
Determine the following:
a – utilization of the teller machine
b – average number of customers in line
c – average number of customers in the system
d – average time customers spend in line
e – average time customers spend in the system
f – probability of three customers in the system
g – probability of two or more customers in the system.
Business
1 answer:
Julli [10]3 years ago
3 0

Answer:

Arrival rate

1 every 3 minutes

1 minute = 1/3 = 0.33

60 minutes = 0.33*60 = 19.8 = 20 per hour

λ = 20 per hour

Service Rate

1 every 2 minutes

1 minutes = 1/2 = 0.5

60 minutes = 0.5*60 = 30 per hour

µ = 30 per hour

a. Utilization of Teller Machine

P = λ / µ

P = 20/30

P = 66.67%

b. Average number of customers in line

Lq = pL = (λ/µ) (λ/µ- λ)

= (20 / 30) (20 / 30 - 20)

= 20/30 * 20 / 10

= 1.33 customers

c. Average number of customers in the system

L = (λ/µ- λ)

= 20 / 30 - 20

= 20 / 10

= 2 customers

d. Average time customer spends in line

Wq = λ/[µ*(µ- λ)]

= 20 / [30 * (30-20)]

= 20 / 30 * 10

= 0.06667 hours or 4 minutes

e. Average time customers spend in the system

W = 1/(µ- λ)

= 1 / 30 - 20

= 1/10

= 0.10 hours or 6 minutes

f. Probability that there are 3 customers in the system

Pn = (1-p)*p^n

= (1 - 20/30) * (20/30)^3

= 0.3333 * 0.296296

= 0.09876

g. Probability that there are two or more customers in the system

= 1 - P(0) - P(1)

= 1 - (1 - 20/30) * (20/30)^0 - (1 - 20/30) * (20/30)^1

= 1 - 1/3 - 2/9

= 4/9

= 0.4444

You might be interested in
Identifying your sources will help you to establish credibility.
koban [17]

Answer:

True

Explanation:

Identifying your sources help your audience believe that your information is reliable.

4 0
3 years ago
Assume​ Evco, Inc., has a current stock price of $ 50 and will pay a $ 2.00 dividend in one​ year; its equity cost of capital is
likoan [24]

Answer:

$55.5

Explanation:

Stock price: $50

Cost of capital (discounting rate): 15%

We need to calculate the future value of stock:

FV = PV*(1+discounting rate)^years = 50*(1+15%)= $57.5

Since the firm pay dividend in one year, the justified future value then = $57.5 future value - $2.0 dividend = $55.5

7 0
3 years ago
TRUE OR FALSE An acceptance can impose new conditions or change the terms of the original offer.
Hitman42 [59]
This is what I found, hope this helped:)

6 0
4 years ago
According to many social scientists, adolescence ends for most people A. when they become independent from their parents. B. whe
valina [46]
The answer would be A
7 0
3 years ago
Read 2 more answers
Edison Leasing leased high-tech electronic equipment to Manufacturers Southern on January 1, 2018. Edison purchased the equipmen
bearhunter [10]

Answer:

Amortization table

Opening liability Installments Interest Principal payment Closing liability

139,108                    18000          1211         16788.92498                122,319  

122,319                    18000          1043 16956.81423                105,362  

105,362                    18000          873   17126.38238                 88,235  

88,235                      18000          702 17297.6462                 70,938  

70,938                    18000          529 17470.62266                 53,467  

53,467                    18000          354 17645.32889                 35,822  

35,822                    18000          178  17821.78218                 18,000  

18,000                       18000            0                   0                                   0

6 0
3 years ago
Other questions:
  • Each task in a systems development project should culminate in one or more ________.
    13·1 answer
  • 3. The kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in practice, prisoners still exch
    10·1 answer
  • Your _____ is the full amount of money that you earn without anything taken out for items such as taxes and Social Security. gro
    13·1 answer
  • In the traditional advertising model, advertisers were charged using a __________ approach, which charged for the exposures to a
    5·1 answer
  • Kima Company manufactures and sells two models of a home appliance. The Standard model is a basic appliance with mostly manual f
    11·1 answer
  • From the interest tables in Appendix B, determine the values of the following factors by interpolation and compare your results
    14·1 answer
  • What is gompertz function​
    6·1 answer
  • Rick works off commission. He earns 10 percent of all manufacturing equipment he sells. If he made a sale of $9,000, how much wa
    6·1 answer
  • These financial statement items are for Martinez Company at year-end, July 31, 2022. Salaries and wages payable $ 2,400 Notes pa
    8·1 answer
  • Explain how Nike came to that situation through its expansion strategy
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!