Cost per min= $15.60 Cost per Teller= $55.50 Average # of Customers = 8 Number of Tellers 2 3 4 5 Average Time Customer Waits (min) Waiting Costs Service Costs Total Expected Costs 15 13 10 8. 5 What is the best decision alternative?
Cost per min= $15.60 Cost per Teller= $55.50 Average # of Customers = 8 Number of Tellers 2 3 4 5 Average Time Customer Waits (min) Waiting Costs Service Costs Total Expected Costs 15 13 10 8. 5 What is the best decision alternative?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Answers:
Cost per min= $15.60
Number of Tellers
3
4
Average Time
Customer Waits (min)
Waiting Costs
15
13
10
8.
1872
1622.4
1248
998.4
624
Service Costs
55.5
111
166.5
222
277.5
Total Expected Costs
Cost per Teller= $5.50
1927.5
1733.4
1414.5
1220.4
901.5
Average # of Customers = 8
What is the best decision alternative?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2da003fc-3e5f-4dcb-87c5-5fa11200e088%2F598cf2f2-3008-4c7f-a9fa-847a31c101f5%2Frcecz9hb_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Answers:
Cost per min= $15.60
Number of Tellers
3
4
Average Time
Customer Waits (min)
Waiting Costs
15
13
10
8.
1872
1622.4
1248
998.4
624
Service Costs
55.5
111
166.5
222
277.5
Total Expected Costs
Cost per Teller= $5.50
1927.5
1733.4
1414.5
1220.4
901.5
Average # of Customers = 8
What is the best decision alternative?
![Cost per min= $15.60
Cost per Teller= $5.50
Average # of Customers = 8
Number of Tellers
1.
2.
4
Average Time
Customer Waits (min)
15
13
10
8
Waiting Costs
Service Costs
Total Expected Costs
What is the best decision alternative?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2da003fc-3e5f-4dcb-87c5-5fa11200e088%2F598cf2f2-3008-4c7f-a9fa-847a31c101f5%2Fqgv6u3j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Cost per min= $15.60
Cost per Teller= $5.50
Average # of Customers = 8
Number of Tellers
1.
2.
4
Average Time
Customer Waits (min)
15
13
10
8
Waiting Costs
Service Costs
Total Expected Costs
What is the best decision alternative?
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