Business, 05.05.2021 02:40 ramberson101

Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an average of 10 customers per hour arrive at the bank to transact business. There is currently one teller at the bank, and the average time required to transact business is 4 minutes. It is assumed that service times may be described by the exponential distribution. If a single teller is used, find: a. The average time in the line.
b. The average number in the line.
c. The average time in the system.
d. The average number in the system.
e. The probability that the bank is empty.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:50, emmanuelcampbel

What happens when a bank is required to hold more money in reserve?

Answers: 3

continue

Business, 22.06.2019 08:50, sandram74691

Dyed-denim corporation is seeking to lower the costs of value creation and achieve a low-cost position. as a result, it plans to move its manufacturing plant from the u. s. to thailand, which based on company research, is the optimal location for production. this strategic move will most likely allow the company to realize

Answers: 3

continue

Business, 22.06.2019 20:00, moneykingmarco079

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Answers: 2

continue

Business, 23.06.2019 09:50, mmczora22

For the year, uptowne furniture had sales of $818,790, costs of $748,330, and interest paid of $24,450. the depreciation expense was $56,100 and the tax rate was 34 percent. at the beginning of the year, the firm had retained earnings of $172,270 and common stock of $260,000. at the end of the year, retained earnings was $158,713 and common stock was $280,000. any tax losses can be used. what is the amount of the dividends paid for the year? a. $6,466 b. $7,566 c. $5,266 d. $6,898 e. $7,066

Answers: 3

continue

You know the right answer?

Neve Commercial Bank is the only bank in the town of York, Pennsylvania. On a typical Friday, an ave...