Question: Many of a banks customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer

Many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. This can be modeled using a Poisson distribution. Each customer spends an average of 90 seconds completing his or her transactions. Transaction time is exponentially distributed. Determine:
a. The average time customers spend at the machine, including waiting in line and completing transactions.
b. The probability that a customer will not have to wait upon arriving at the automatic teller machine.
c. The average number waiting to use the machine.

Step by Step Solution

3.50 Rating (177 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Given Customers arrive at a rate one every other minute Poi... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

372-B-M-L-O-M (3515).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!