During lunch hour, customers arrive at a fast food drive through window, on average, every 2.5 minutes.
Question:
During lunch hour, customers arrive at a fast food drive through window, on average, every 2.5 minutes. Assume arrival time follows the exponential probability distribution.
a. What is the probability that the next customer will arrive
1. within the next 2 minutes?
2. in more than 5 minutes?
3. between 1 and 4 minutes?
b. Confirm the answers to part a using Excel.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 44% (18 reviews)
b 1 EXPONDIST2 04 TRUE 05507 b 2 10 EXPONDIST5 04 TRUE 10 08647 01353 b 3 EXPON...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
Customers arrive at a grocery store checkout at a rate of six per 30 minutes during the hours of 5 p. m. and 7 p. m. during the workweek. Let C be the number of customers arriving at the checkout...
-
Customers arrive at a bank at a Poisson rate . Suppose that two customers arrived during the first hour. What is the probability that (a) Both arrived during the first 20 minutes? (b) At least one...
-
Customers arrive at a bakery at an average rate of f 6 per half-hour. For simplicity, suppose each customer spends $2.50 on their purchase. a. What is the probability that exactly 3 customers will...
-
Suppose that \(\mathrm{x}\) is a linked-list Node. What is the effect of the following code fragment? \(t\). next \(=x\). next; \(x \cdot\) next \(=t ;\)
-
What are the four levels of commitment to e-business? Give some examples of each.
-
What is the difference between the articles of incorporation and a charter?
-
Go to https://hubbardobrieneconomics.com/2022/09/30/a-handy-way-to-track-recession-indicators/ and read the post A Handy Way to Track Recession Indicators. Based on what you read in this post, how...
-
Oceanwide Enterprises, Inc., is involved in building and operating cruise ships. Each ship is identified as a separate discrete job in the accounting records. At the end of 2010, Oceanwide correctly...
-
1. What is a data structure? 2. Why do we need data structures? 3. List some common data structures. 4. How data structures are classified? 5. Differentiate linear and non-linear data structure.
-
Bonds 1. Municipal Bonds - Municipal bonds are haircut per Exhibit 1 based on both their time to maturity and scheduled maturity at date of issue. 2. Corporate Bonds - Corporate bonds are haircut...
-
Customers arrive at a local ATM at an average rate of 15 per hour. Assume the time between arrivals follows the exponential probability distribution. a. What is the probability that the next customer...
-
A random variable follows the continuous uniform distribution between 20 and 50. a. Calculate the following probabilities for the distribution: 1. P(x < 25) 2. P(x < 30) 3. P(x < 45) 4. P(x = 28) b....
-
In a product life cycle, the emission of CO 2 and the use of water depend on three variables, x i , i= 1,2,3, according to the following equations: y co 2 = 100 x + 11 x2 -7 x3 ; YH 2 0=22 x1 -x 2...
-
What ethical considerations arise when pursuing visionary endeavors, particularly concerning social impact and sustainability?
-
A combined cycle power plant is designed with four-150 MW gas turbines and one-350 MW steam turbine. The exhaust gases from each gas turbine pass through a supplementary firing chamber. Then the...
-
3. Write a test program which has a static method that takes a shape argument and displays information about it (its radius, its area and volume, if applicable). Writing this to display information...
-
The professional standards emphasis the importance of properly supervising staff. How can this impact on an expert's cross-examination?
-
What role does interdisciplinary collaboration play in amplifying the visionary potential of individuals and teams?
-
(a) Graph y = x 2 , y = x, y = |x|, and y = (x) 2 , noting which graphs are the same. (b) Explain why the graphs of y = x 2 and y = |x| are the same. (c) Explain why the graphs of y = x and y = (x) 2...
-
A statistical study shows that the fraction of television sets of a certain brand that are still in service after x years is given by f (x) = e-0.15x. (a) What fraction of the sets are still in...
-
Complete the following two-way ANOVA table. Determine the critical table F values and reach conclusions about the hypotheses for effects. Let =.05. MS Source of Variance Row Column Interaction Error...
-
Complete the following two-way ANOVA table. Determine the critical table F values and reach conclusions about the hypotheses for effects. Let =.05. df Source of Variance Row Column Interaction Error...
-
The data gathered from a two-way factorial design follow. Use the two-way ANOVA to analyze these data. Let =.01. Treatment 1 A 2321 20 25 2 22 Treatment 2 B 27 24 26 28 27 27
-
Consider a plane of mass 50,000 kg in takeoff when the thrust for each of its four engines is 25,000 N. If the plane is facing an air drag force of 10,000 N; What is the acceleration of the plane?
-
Discuss the rationale and ways in which developers are regulated in relation to the acquisition and development of land in Singapore.
-
Interview an individual who has a chronic illness. With the individual's permission, interview them about what it is like to live with a chronic illness, the most difficult parts of being chronically...
Study smarter with the SolutionInn App