Question: An automatic teller machine (ATM) is being installed at a branch of MetroBank. From the bank's research, it figures to indirectly benefit from offering this
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?
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This question can be treated as a singleorder problem We have Revenue 1 001 101 CostLoss ... View full answer
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