Find average time in line and the average number in line

Assignment Help Business Management
Reference no: EM131257754

Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is currently one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by the negative exponential distribution. If a single teller is used, find:

a) The average time in the line.

b) The average number in the line.

c) The average time in the system.

d) The average number in the system.

e) The probability that the bank is empty.

f) CEO Benjamin Neve is considering adding a second teller (who would work at the same rate as the first) to reduce the waiting time for customers. A single line would be used, and the customer at the front of the line would go to the first available bank teller. He assumes that this will cut the waiting time in half. If a second teller is added, find the new answers to parts (a) to (e).

Reference no: EM131257754

Questions Cloud

What is the probability that the operator is busy : What is the probability that the operator is busy?  - What is the average time that a customer must wait before reaching the operator?
What is the average time a car is in the system : What is the average time a car is in the system? - What is the average number of cars in the system? - What is the average number of cars waiting to receive service?
How do it method can aid in improving behavior of employee : Pick a job at your place of work or a job that relates to this material, and discuss how the "DO IT Method" can aid in improving the behavior of employee(s).
What is the utilization rate of this service system : What is the utilization rate of this service system? - What is the average downtime for a broken machine? - How many machines are waiting to be serviced at any given time?
Find average time in line and the average number in line : Find the average time in the line,  The average number in the line,  The average time in the system, The average number in the system, and The probability that the bank is empty.
List out the various steps of software life cycle : Que.1: List out the various steps of Software Life Cycle. Draw the diagram of Software Life Cycle and explain all the steps in details.
Discuss the differences between ethics and morals : Explain why one might consider the Nazi propaganda case (The Reader, pages 82-84) a mystery. Explain the problem-solving implications of the difference(s) between puzzle and mystery. What is an argument? What is an inductive argument? What is a deduc..
What impact did it have on the overall project : Primary Task Response: Within the Discussion Board area, write 350-500 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive a..
Explain and evaluate the relative worth of management jobs : Explain and evaluate the relative worth of management jobs at the company and determine a compensation structure to assist retention and career management of this important element of the company's human resources

Reviews

Write a Review

Business Management Questions & Answers

  Developing a personal visionwhat is vision and why is it

developing a personal visionwhat is vision and why is it important to develop a personal vision? how can developing a

  Case study - fire in a bangladesh garment

case study - fire in a bangladesh garment factory.instructions continued- what would you advise your staff to do when

  Future of organizational cultureexpalin what a

future of organizational cultureexpalin what a high-performance team may look like in 20 years. what do you predict

  What is establishments wacc

What is Establishment's WACC and write out a market-value balance sheet assuming Establishment has no debt.

  Traditional triple constraints of timewhat are the triple

traditional triple constraints of timewhat are the triple constraints in a traditional project management framework?

  Why is the balanced scorecard an important topic

Why is the Balanced Scorecard an important topic both in devising objectives and in evaluating strategies

  Interactions with individuals and cultures

Bus 3505 - Self-Cultural Identity Analysis - Carry out the following two assessments and answer the associated questions in complete and correct sentences and using a separate section of your written report for each assessment, duly labelled. (Each..

  Structure of two symmetrical two non symmetrical

Write the name and structure of two symmetrical two non symmetrical ethers

  Explain to what extent an employer can engage in electronic

Explain to what extent an employer can engage in electronic surveillance of employees. Explain to what extent the inclusion of innocent, unaware third-parties in such surveillance determine whether it is legal.

  Appropriate unit for bargaining

In determining what would be an appropriate unit for bargaining, identify at least five (5) factors that the NLRB should consider in determining what employee classifications would be appropriate for inclusion in a bargaining unit?

  Differences between gantt charts

What are the key similarities and differences between Gantt charts and PERT/CPM techniques?

  What changes in the business environment have contributed

What changes in the business environment have contributed to the evolution of performance management

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd