What is the name of distribution of number of customers

Reference no: EM13151942

A) What is the name of the distribution of the number of satisfied customers from this sample? B) What is the expected value? C) What is the standard deviation? You take a random sample of 100 customers and find the proportion who are satisfied. A) What is the name of the distribution of the sample proportion? B) What is the mean? C) What is the standard deviation? Suppose the time for service of a customer at this window is uniformly distributed between 0 and 10 minutes. A) What is the chance that it takes more than 6 minutes to serve the next customer? B) What is the expected waiting time if you are next in line? C) What is the name of the distribution of the average service time for 100 customers? Suppose the age of the customers for branch #1 of this bank has a normal distribution with mean 40 and standard deviation 5 years. A) Whats the chance that the next customer coming into branch #1 is over 42?

Reference no: EM13151942

Questions Cloud

Why the labor market is not as felxible as it used to be : Discuss several reasons why the labor market is not as felxible as it used to be? Identify and outline (in detail) the three reasons the article gives for why there might be "structural obstacles to job growth"

Itemized deduction on tax return : Real estate taxes on rental property he owns $4,000 Real estate taxes on his own residence 3,500 Federal income taxes 7,000 State income taxes 2,500 Local city income taxes 500 State sales taxes 700 What amount can Matt deduct as an itemized deduc..

What is the equivalent annual cost of operating : A machine which has a 10 year life will cost $11,000 now with annual operating costs of $500 the first year and increasing $50 per year each of the next 9 years. If the salvage value is estimated to be $2,000 at the end of the 10th year,

How many ml of 2.00m h2so4 are required : How many ml of 2.00M H2SO4 are required to neutralize 50.0mL of 1.00M KOH?

What is the name of distribution of number of customers : A) What is the name of the distribution of the number of satisfied customers from this sample? B) What is the expected value? C) What is the standard deviation?

Why do marginal costs first fall and then begin to rise : Why do marginal costs first fall and then begin to rise? Why are marginal costs important to a firm when making decisions to increase or decrease production?

History of the game : Assume that the history of the game is common knowledge. That is, in period t, the past choices of effort for all doctors over periods 1, ..., t - 1 are observed

Calculate the elasticity of demand for good x : Calculate the elasticity of demand for good X with respect to advertising on good X. Interpret your answer. Can you tell whether the firm is spending too much or too little on advertising?

Externalities public goods lack of information in the market : Externalities Public Goods Lack of Information in the market Too much competition all the above are reasons for market failure

User Account

All Pages