A small bank is trying to determine how many tellers to employ. The total cost of employing a teller is $10 per hour, and a teller can serve an average of 50 customers per day. An average of 40 customers per day arrive at the bank, and both service times and interarrival times are exponential. If the delay cost per customer- hour is $10 and bank is working 8 hours per day, how many tellers should the bank hire? 2 -A small bank is trying to determine how many tellers to employ. The totalcost of employing a teller is $10 per hour, and a teller can serve anaverage of 50 customers per day. An average of 40 customers per dayarrive at the bank, and both service times and interarrival times areexponential. If the delay cost per customer-hour is $10 and bank isworking 8 hours per day, how many tellers should the bank hire?a)b)4c)1d)3

The theory used for the formation, congestion, function in the waiting lines is known as the queue…

Answered: A small bank is trying to determine how…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A small bank is trying to determine how many tellers to employ. The total cost of employing a teller is $10 per hour, and a teller can serve an average of 50 customers per day. An average of 40 customers per day arrive at the bank, and both service times and interarrival times are exponential. If the delay cost per customer- hour is $10 and bank is working 8 hours per day, how many tellers should the bank hire?

2 -
A small bank is trying to determine how many tellers to employ. The total
cost of employing a teller is $10 per hour, and a teller can serve an
average of 50 customers per day. An average of 40 customers per day
arrive at the bank, and both service times and interarrival times are
exponential. If the delay cost per customer-hour is $10 and bank is
working 8 hours per day, how many tellers should the bank hire?
a)
b)
4
c)
1
d)
3

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