Question: (5 marks) Question Two: At a bank's ATM location with a single machine, customers arrive at the rate of one every other minute. This can
(5 marks) Question Two: At a bank's ATM location with a single machine, customers arrive 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/her transactions. Transaction time is exponentially distributed. Determine a) The average time customers spend from arriving to leaving, (5 marks) (5 marks) b) The chance that the customer will not have to wait, (5 marks) c) The average number waiting to use the machine
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
