Shoppers enter Hamilton Place Mall at an average of 120 per hour. What is the probability that at least 25 shoppers will enter the mall between 5:00 and 5:10 P.M.? A 0 B 0.157 C 0.112 D 0.5 Kindly explain on how you got this answer. Using spreadsheet and filling the answrs on: Using poisson.dist. Define event x= mean= interval then Define the new event X =New Mean = New interval = f(x)
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Shoppers enter Hamilton Place Mall at an average of 120 per hour.
What is the probability that at least 25 shoppers will enter the mall between 5:00 and 5:10 P.M.?
A 0
B 0.157
C 0.112
D 0.5
Kindly explain on how you got this answer. Using spreadsheet and filling the answrs on: Using poisson.dist.
Define event x=
mean=
interval
then
Define the new event X =
New Mean =
New interval =
f(x)
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- At the beginning of each week, a machine is in one of four conditions: 1 = excellent; 2 = good; 3 = average; 4 = bad. The weekly revenue earned by a machine in state 1, 2, 3, or 4 is 100, 90, 50, or 10, respectively. After observing the condition of the machine at the beginning of the week, the company has the option, for a cost of 200, of instantaneously replacing the machine with an excellent machine. The quality of the machine deteriorates over time, as shown in the file P10 41.xlsx. Four maintenance policies are under consideration: Policy 1: Never replace a machine. Policy 2: Immediately replace a bad machine. Policy 3: Immediately replace a bad or average machine. Policy 4: Immediately replace a bad, average, or good machine. Simulate each of these policies for 50 weeks (using at least 250 iterations each) to determine the policy that maximizes expected weekly profit. Assume that the machine at the beginning of week 1 is excellent.3. Attendance at Los Angeles' newest Disney like attraction, Vacation World has been as follows: Quarter Guests Quarter Guests (in Thousands) (in Thousands) 2017 Q1 73 Q3 124 Q2 104 Q4 52 Q3 168 2019 Q1 89 Q4 74 Q2 146 2018 Q1 65 Q3 205 Q2 82 Q4 98 a. Graph the data. (Use Excel) b. Compute seasonal indices using all the data. (Solve manually)Spring 2019 Credit Card Products Collections DFD At Columbia Southern Bank, credit card accounts are booked and serviced at Individualized BankCard Services(IBS). If such accounts become delinquent, their information is sent to the collection system via the IBS FILE (see appendix D). This file is sent to the collection system on a daily basis. Besides being used to update the collection history database it is used to generate the IBS new accounts report. Recall that the predictive dialer software is used as part of the collection process. It involves using packaged software to contact delinquent borrowers. Using a file of telephone and account numbers the software takes into consideration how many collection agents are working at the given time and paces the calls accordingly. This will assure that an agent will be available to take the call if a delinquent customer answers the telephone when the dialer places the call. When a customer answers the…
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