On Monday mornings, the First National Bank only has one teller window open for deposits and withdrawals. Experience has shown that the average number of arriving customers in a four-minute interval on Monday mornings is 2.8, and each teller can serve more than that number efficiently. These random arrivals at this bank on Monday mornings are Poisson distributed. a. What is the probability that on a Monday morning exactly six customers will arrive in a four-minute interval? b. What is the probability that no one will arrive at the bank to make a deposit or withdrawal during a four-minute interval? c. Suppose the teller can serve no more than four customers in any four-minute interval at this window on a Monday morning.What is the probability that, during any given four-minute interval, the teller will be unable to meet the demand? What is the probability that the teller will be able to meet the demand? When demand cannot be met during any given interval, a second window is opened. What percentage of the time will a second window have to be opened? d. What is the probability that exactly three people will arrive at the bank during a two-minute period on Monday mornings to make a deposit or a withdrawal? What is the probability that five or more customers will arrive during an eight-minute period?
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.
On Monday mornings, the First National Bank only has one teller window open for deposits and withdrawals. Experience has shown that the average number of arriving customers in a four-minute interval on Monday mornings is 2.8, and each teller can serve more than that number efficiently. These random arrivals at this bank on Monday mornings are Poisson distributed.
a. What is the
b. What is the probability that no one will arrive at the bank to make a deposit or withdrawal during a four-minute interval?
c. Suppose the teller can serve no more than four customers in any four-minute interval at this window on a Monday morning.What is the probability that, during any given four-minute interval, the teller will be unable to meet the demand?
What is the probability that the teller will be able to meet the demand?
When demand cannot be met during any given interval, a second window is opened. What percentage of the time will a second window have to be opened?
d. What is the probability that exactly three people will arrive at the bank during a two-minute period on Monday mornings to make a deposit or a withdrawal?
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