An automatic teller machine (ATM) is being installed at a branch of MetroBank. From the bank's research,
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Stocking the machine for the two-day weekend is its most difficult planning problem. From historical records for other ATMs, the bank estimates the average number of withdrawals to be 120 with a standard deviation of 20, with the distribution being normal.
How much money should the bank stock in the machine for the weekend?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Business Logistics Supply Chain Management
ISBN: 978-0130661845
5th edition
Authors: Ronald H. Ballou
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