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.
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
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)
372-B-M-L-O-M (3515).docx
120 KBs Word File
