The operations manager of a tollbooth located at a major exit of a state turnpike is trying

Question:

The operations manager of a tollbooth located at a major exit of a state turnpike is trying to estimate the average number of vehicles that arrive at the tollbooth during a one-minute period during the peak of rush hour traffic. To estimate this average throughput value, he records the number of vehicles that arrive at the tollbooth over a one-minute interval commencing at the same time for each of 250 normal weekdays. The data are in the file P05_49.xlsx. Use @RISK to determine which probability distribution best fits these data.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

Question Posted: