Recall that when the bank managers new teller system is operating consistently over time, the manager decides

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Recall that when the bank manager’s new teller system is operating consistently over time, the manager decides to record the waiting times of a sample of 100 customers that need teller service during peak business hours. For each of 100 peak business hours, the first customer that starts waiting for service at or after a randomly selected time during the hour will be chosen. Consider the peak business hours from 2:00 P.M. to 2:59 P.M., from 3:00 P.M. to 3:59 P.M., from 4:00 P.M. to 4:59 P.M., and from 5:00 P.M. to 5:59 P.M. on a particular day. Also, assume that a computer software system generates the following four random numbers between 00 and 59: 32, 00, 18, and 47. This implies that the randomly selected times during the first three peak business hours are 2:32 P.M., 3:00 P.M., and 4:18 P.M. What is the randomly selected time during the fourth peak business hour?

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Business Statistics In Practice

ISBN: 9780077534844

7th Edition

Authors: Bruce Bowerman, Richard OConnell, Emilly Murphree

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