McNeese is determining the staffing level for their credit union located within the university. The beginning of the fall semester is their busiest time, with incoming freshmen and transfer students opening accounts. On average, it takes a teller 10 minutes to successfully open an account. Currently, the average arrival rate has been 6 per hour.
Required:
a. Considering the distribution of the service time, what is Pr (ts < 2*E[ts])
b. What is the average service rate.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “McNeese is determining the staffing level for their credit union located within the university. The beginning of the fall semester is their ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is an operating budget? - the amount an organization has left after all the costs of making the product and running the business have been deducted - a blueprint that states how managers intend to use organizational resources to achieve
Answers (1)
The automobile industry in both Brazil and Mexico is thriving. If you were a government official from an African country (such as Morocco, Nigeria, or South Africa) who has visited both countries and has been very impressed, which approach would you
Answers (1)
Larker Brothers, Inc., used the high-low method to derive its cost formula for electrical power cost. According to the cost formula, the variable cost per unit of activity is $4 per machine-hour.
Answers (1)
You manage a $10 million portfolio, all invested in equities; the beta for your portfolio is 0.70. You believe the market is on the verge of a big but short-lived downturn;
Answers (1)
10. Inflation and unemployment Suppose that the government believes the economy is not producing goods and services at its optimal level.
Answers (1)
New Questions in Business
abriele Enterprises has bonds on the market making annual payments, with 19 years to maturity, a par value of $1,000, and selling for $910. At this price, the bonds yield 7.8 percent. What must the coupon rate be on the bon
Answers (1)
When preparing the budgeted income statement of a merchandising company, the amount of cost of goods sold can be taken from the
Answers (1)
Ortega Company manufactures computer hard drives. The market for hard drives is very competitive. The current market price for a computer hard drive is $42. Ortega would like a profit of $12 per drive.
Answers (1)
True or false Each consumer has a credit score in their credit report and the score adjusts up or down each month, based on positive or negative information reported by creditors
Answers (1)
Which type of unemployment is caused by a lack of demand for workers as a result of a shrinking economy?
Answers (1)