A bank has six tellers Mean service time equals one minute Mean interarrival time equals 25 seconds Standard deviation of service times equals one minute Standard deviation of interarrival times equals 10 seconds Suppose it costs $20 per hour to have a teller working, and you value a customers time...

To determine how many tellers should be working we need to calculate the expected wait time and expected service time for a customer Expected wait tim ...

A bank has six tellers. Mean service time equals one minute. Mean interarrival time equals 25 seconds.

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A bank has six tellers.

Mean service time equals one minute.
Mean interarrival time equals 25 seconds.
Standard deviation of service times equals one minute.
Standard deviation of interarrival times equals 10 seconds.

Suppose it costs $20 per hour to have a teller working, and you value a customer’s time at $15 per hour. How many tellers should you have working?

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Microsoft Excel Data Analysis And Business Modeling

ISBN: 9780137613663

7th Edition

Authors: Wayne Winston

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Question Posted: Apr 20, 2023 08:58 PM

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A bank has six tellers. Mean service time equals one minute. Mean interarrival time equals 25 seconds.

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Microsoft Excel Data Analysis And Business Modeling

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