Question: The time between each two successive arrivals made to a bank branch is exponentially distributed with a mean of 10 minutes.If 4 minutes have already

The time between each two successive arrivals made to a bank branch is exponentially distributed with a mean of 10 minutes.If 4 minutes have already passed after the last customer's arrival, what is the probability that a further 5 minutes will elapse before the next customer arrival (i.e., the next customer arrives after 9 minutes)?

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 Mathematics Questions!

On January 1, 2024, Presidio Company acquired 100 percent of the outstanding common stock of Mason Company. To acquire these shares, Presidio issued to the owners of Mason $200,000 in long-term...

Change the value in yellow highlighted cells to observe how changing the parameter affects the calculated values. Blue highlighted cells contain formulas that calcuate certain values based upon the...

3. Buses arrive to a bus stop according to an exponential distribution with rate ?= 4 busses/hour. If you arrived at 8:00 am to the bus stop, a) what is the expected time of the next bus? b) Assume...

Customers arrive at the bank according to an exponential distribution with mean of 7 minutes. The bank is open from 8 am to 5 pm , 7 days a week. Any customer who has entered the system at closing...

U.S. Copyright Law (title 17 of U.S. code) governs the reproduction and redistribution of copyrighted material. Downloading this document for the purpose of redistribution is prohibited. Chapter 15...

Description and Specifications : You have decided to use a simulation to determine two things about a bank: 1) Which method of lining up in banks (and other establishments) is better: a) a single...

Independent Journal of Management & Production E-ISSN: 2236-269X ijmp@ijmp.jor.br Instituto Federal de Educao, Cincia e Tecnologia de So Paulo Brasil Gumus, Seigha; Monday Bubou, Gordon; Humphrey...

Customers enter the camera department of a store at the average rate of six per hour. The department is staffed by one employee, who takes an average of six minutes to serve each arrival. Assume this...

Locate and use an audited annual financial statement STEP 1: The Company Assigned to you Find the most recent audited annual financial statement online for the Canadian public company assigned to the...

Need ONLY an answer to Part C, step 1, questions 1 and 3. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company Assigned to you Find the most...

OPERATONS MANAGEMENT. IE 325 Homework 1 Due April 18th, 2021 @ 17:00 Important Notes: You can work alone or in teams of 2. Don't share your work with others (cheating will be penalized). All files...

Wolfram Putz et.al read this case and answers the following: What is the Innovation/Service that Placed, Explain the Innovation and discuss more about the firm/person beyond what you read in this...

The Derby Shoe Company produces its famous shoe, the Divine Loafer that sells for $ 70 per pair. Operating income for 2013 is as follows: Sales revenue ($ 70 per pair) ......$ 350,000 Variable cost...

16.26 The switch in Fig. 16.49 moves from position A to position B at t = 0 (please note that the switch must connect to point B before it breaks the connection at A, a make before break switch)....

1) (15 pts) A dataset consists of two classes, whose distributions are assumed Gaussian, and whose sample covariances and means are the following: Ho = C (2 0 0 2 C = Calculate the LDA projection...

B= 30 x 10 -4 A/V 2 , V THp = -1V . So calculate I DQ and V SDQ and draw DC line. Aadaki devre iin B = 30 x 104 A /V?, VTHP = -1 V olduuna gre Ioa ve VsDa deerlerini bulun, DC yk hattn izin. V1 12 V...

A planar EM wave comes from one medium with a dielectric constant in the normal direction to another medium with a dielectric constant Both media are magnetic and non-conductive material medium. The...

An investment banker says, I dont worry about detailed, long-term forecasts. Instead, I use the following approach when forecasting cash flows beyond three years: I assume that sales grow at the rate...

Question 15 2.5 pts The business community's view toward environmental issues has changed in the twenty-first century because business now sees such issues as a burden and a cost. O business now sees...

3. How much information do we need to collect?

2. What types of information are we collecting?

5. How quickly can we manage to collect the information?