55. The mail order firm of L. L. Pea receives an averageof 200 calls per hour, where times between calls areexponentially distributed. It takes an L. L. Pea operatoran average of three minutes to handle a call. If a callergets a busy signal, L. L. Pea assumes that he or she willcall a competing mail-order company, and L. L. Pea willlose an average of $30 in profit. The cost of keeping aphone line open is $9 per hour. How many operatorsshould L. L. Pea have on duty? Use simulation to answerthis question. Does the answer depend on whether theservice times are exponentially distributed?
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
55. The mail order firm of L. L. Pea receives an averageof 200 calls per hour, where times between calls areexponentially distributed. It takes an L. L. Pea operatoran average of three minutes to handle a call. If a callergets a busy signal, L. L. Pea assumes that he or she willcall a competing mail-order company, and L. L. Pea willlose an average of $30 in profit. The cost of keeping aphone line open is $9 per hour. How many operators
should L. L. Pea have on duty? Use simulation to answerthis question. Does the answer depend on whether theservice times are exponentially distributed?
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