Question: A line forms outside a ticket booth selling tickets for a broadway play. One customer arrives on average every 9 minutes. The coefficient of variation

A line forms outside a ticket booth selling tickets for a broadway play. One customer arrives on average every 9 minutes. The coefficient of variation (CV) of the interarrival times is 1. Purchasing a ticket takes an average of 7.5 minutes, with the coefficient of variation equal to 1. If there is a single ticket seller, how many minutes does each customer expect to wait on average before beginning their transaction?

Give the answer in minutes and round to two decimal places.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!