Many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. This can be modeled using a Poisson distribution. Each customer spends an average of 83 seconds completing his or her transactions. Transaction time is exponentially distributed.
a. Determine the average time customers spend
at the machine, including waiting in line and completing
transactions. (Do not round intermediate calculations.
Round your answer to the nearest whole number.)
Average time ______ minutes
b. Determine the probability that a customer will
not have to wait upon arriving at the automatic teller machine.
(Round your answer to 2 decimal places.)
Probability ______
c. Determine the average number of customers
waiting to use the machine. (Round your answer to 2 decimal
places.)
Average number ______ customers
ANSWER: Arrival rate = 30 per hour
Service rate = 43.37 per hour
a)
Average time customers spend at the machine W
W=1(/service rate-Arrival rate)
W = 1/ (43.37-30) = 0.075 hours or 4.49 minutes
b) The probability that a customer will not have to wait upon arriving at the automatic teller machine= 1-Arrival rate/service rate
1-30/43.37 =0.31
Probability= 0.31
Many of a bank’s customers use its automatic teller machine to transact business after normal banking...
Many of a bank’s customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain location at the rate of one every other minute. This can be modeled using a Poisson distribution. Each customer spends an average of 94 seconds completing his or her transactions. Transaction time is exponentially distributed. a. Determine the average time customers spend at the machine, including waiting in line...
Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive-up teller window occur at random, with an arrival rate of 30 customers per hour or 0.5 customers per minute. In the same bank waiting line system, assume that the service times for the drive-up teller follow an exponential probability distribution with a service rate of 36 customers per hour, or 0.6...
The time between arrivals of customers at an automatic teller machine is an exponential random variable with a mean of 5 minutes. A) What is the probability that more than three customers arrive in 10 minutes? B) What is the probability that the time until the 6th customer arrives is less than 5 minutes?
A bank has one drive-up teller. The teller can serve at the rate of 11.2 bank customer in an hour. Customers arrive at the drive-up window on an average every 7.5 minutes. The bank is currently analyzing the possibility of adding a second drive-up window at an annual cost of $20,000. It is assumed that arriving cars would be equally divided between both windows. It is estimated that each minute’s reduction in customer waiting time would increase the bank’s revenue...
Please answer using stochastic
operations principles
Cars arrive at a rate of 10 per hour in a single-server drive-in restaurant. Assume that the teller serves vehicles with a rate exponentially distributed with a mean of 4 minutes per car (ie, a rate of 1 car every 4 minutes). Answer the following questions: (a) What is the probability that the teller is idle? (b) What is the average number of cars waiting in line for the teller? (A car that is...
Office Equipment, Inc. (OEI) leases automatic mailing machines to business customers in Fort Wayne, Indiana. The company built its success on a reputation of providing timely maintenance and repair service. Each OEI service contract states that a service technician will arrive at a customer’s business site within an average of three hours from the time that the customer notifies OEI of an equipment problem. Currently, OEI has 10 customers with service contracts. One service technician is responsible for handling all...
The computer that controls a bank's automatic teller machine crashes a mean of 0.4 times per day. What is the probability that, in any seven-day week, the computer will crash at least 4 times? Round your answer to four decimal places.
The computer that controls a bank's automatic teller machine crashes a mean of 0.4 times per day. What is the probability that, in any seven-day week, the computer will crash less than 5 times? Round your answer to four decimal places.
The computer that controls a bank's automatic teller machine crashes a mean of 0.6 times per day. What is the probability that, in any seven-day week, the computer will crash less than 2 times? Round your answer to four decimal places.
A vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 61 per hour, and this rate is Poisson-distributed. a. Determine the average number of customers waiting in line. (Round your answer to 2 decimal places.) Average number of customer b. Determine the average time customers spend in the system. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Average time minutes ...