Mathematics, 31.05.2020 00:00 kobiemajak

A bank wishing to increase its customer base advertises that it has the fastest service and that virtually all of its customers are served in less than 10 minutes. A management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 6 minutes. Determine what the bank means when it claims 'virtually all' its customers are served in under 10 minutes. Proportion of customers served in under 10 minutes

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A bank wishing to increase its customer base advertises that it has the fastest service and that vir...