The time between arrival of customers at the drive-up window of a bank follows an exponential distribution with mean of 8 minutes. a.What is the probability that arrival time between customers will be 10 minutes or less? b.What is the probability that arrival time between customers will be between 5 and 9 minutes? Selected Answer: [None Given]
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Graph and Solve. Kindly show the probabilities and explain how to solve this question.
The time between arrival of customers at the drive-up window of a bank follows an exponential distribution with mean of 8 minutes.
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- During nearly four decades of business operations, Memphis-based FedEx has earned a reputation for reliable, on-time delivery of packages to homes and offices around the country. Founder Fred Smith originally focused on overnight deliveries, choosing Memphis as the company’s headquarters because the airport rarely closes due to bad weather. With FedEx’s planes departing and arriving on schedule nearly all the time, its express shipments usually remained on schedule, then and now. To reassure customers that delivery will take place when and where promised, the firm offers a money-back guarantee on time-sensitive express shipments, among other services. FedEx has steadily expanded its portfolio of services since the 1970s. Its original overnight express delivery is currently available to U.S. customers in various forms, including “first-overnight” delivery, next-morning delivery, next-afternoon delivery, and budget-pleasing two- or three-day delivery. The company’s services also include cost-effective ground delivery for parcels and extra-speedy same-day delivery for urgent deliveries within 1,800 cities. Over the years, FedEx has widened its delivery network to more than 220 countries. It has purchased more cargo jets and acquired specialized shipping firms, including Tiger International, Roberts Express, RPS, and TNT Express, to support global growth. For international business customers needing products, parts, or raw materials shipped across countries or continents, the company now offers time-saving services such as commercial freight forwarding and cross-border logistical support. To add the convenience of local drop-off and pickup points for U.S. consumers and small businesses, FedEx acquired the Kinko’s office services company in 2004 and later rebranded it as FedEx Office. This acquisition also added printing and copying to the menu of services offered. Then the company arranged for large U.S. retailers such as Walgreens, Albertsons, Kroger, and Safeway to accept packages for shipment and receive package delivery for customer pickup in thousands of store locations. This means people who want to send a package can head to a nearby retailer and ship where they shop, rather than making a separate trip to the FedEx location. It’s also a safe alternative for packages to be picked up by people who don’t want FedEx shipments left by the front door. Another service FedEx offers to small and mid-sized businesses, including retailers, is FedEx Fulfillment. The purpose is to expedite order fulfillment by having each business store its products in a FedEx warehouse. Then, when the business’s customers place orders, FedEx puts the products into boxes bearing the business’s own logo and ships directly to those customers. The business doesn’t need a separate warehouse or staff for fulfillment, and packages are on their way to customers more quickly because the products were in FedEx’s warehouse, ready to be packed and shipped. This service puts FedEx into direct competition with Amazon.com, which offers a similar service to merchants that sell through the online Amazon Marketplace. But it also gives businesses that don’t sell via Amazon a fast and professional fulfillment alternative. FedEx is careful to let customers know, through media and social-media announcements, when it anticipates that extreme weather or other conditions will cause delays or force it to halt pickups and deliveries. For the duration of Hurricane Irma, for example, FedEx said it would suspend deliveries in Florida. Some Florida customers who had ordered generators to be delivered via FedEx were unhappy, because they worried about being without power during and after the storm. But one FedEx employee loaded several generator orders into his car and took them to customers himself. When a customer posted a grateful compliment to FedEx on Facebook, the message generated thousands of likes, shares, and positive comments. The company also received positive comments for its donations of cash and transportation services to areas devastated by Hurricanes Irma, Harvey, and Maria. According to the American Customer Satisfaction Index (ACSI), FedEx often tops the list of U.S. shipping companies as ranked by customers surveyed. Every day, the company delivers 13 million packages—and during the busy year-end holiday season, it delivers many more. By meeting customers’ expectations for on-time deliveries, FedEx has increased annual revenues beyond $60 billion and positioned itself for continued growth in the future. How does FedEx’s money-back guarantee address customers’ concerns about heterogeneity?Shopper enter Parck place mall at an average of 120 per hour. What is the probability that at least 25 shoppers will enter the mall between 5 o’clock and 5:10 PM? A. 0 B. 0.157 C. 0.112 D. 0.5 Using poisson.dist Define event x = Mean = Interval = / Define the new event X New Mean = New interval F(x) Use the poisson formula on spreadsheetSuppose the waiting time at a certain checkout counter is bi-modal. With probability 0.85, the waiting time follows an exponential distribution with a mean waiting time of four minutes. With probability 0.15, the waiting time equals 20 minutes. a) Compute the mean and median waiting time at the checkout counter. b) Compute the variance of the waiting time at the checkout counter. c) Compute the probability that an individual customer waits longer than 5 minutes at the checkout counter.
- Customers arrive at a bank counter at an average rate of 3customers per hour.a) Suggest a suitable distribution to model the number ofcustomers arriving at the counter, X, per minute.b) State clearly any assumptions you have made by suggestingthis model.c) Using your model,I. Find the probability that no customer arrive in a givenminute.II. Find the probability that at most 4 customers arrive in agiven minute.III. In any given 4 minutes period, find ? such that?(? > ?) = 0.0487.IV. Check the answer of part I and part ii using RStudio.please dont answer in image format. Do type ThnksProvide instead: 3 Positive and 3 negative outcomes for forecasting 3 Positive and 3 negative outcomes for queuing model
- Assume that during minute t (the current minute isminute 1), the following sequence of events occurs: (1) Atthe beginning of the minute, xt customers arrive at the cashregister; (2) the store manager decides how many cashregisters should be operated during the current minute;(3) if s cash registers are operated and i customers arepresent (including the current minute’s arrivals), c(s, i)customers complete service; and (4) the next minute begins.A cost of 10¢ is assessed for each minute a customerspends waiting to check out (this time includes checkouttime). Assume that it costs c(s) cents to operate s cashregisters for 1 minute. Formulate a dynamic programmingrecursion that minimizes the sum of holding and servicecosts during the next 60 minutes. Assume that before thefirst minute’s arrivals, no customers are present and thatholding cost is assessed at the end of each minute.Willow Brook National Bank operates a drive-up teller window that allows customers to complete bank transactions without getting out of their cars. On weekday mornings, arrivals to the drive- up teller window occur at random, with an arrival rate of 30 customers per hour or 0.5 customers per minute. Assume the Poisson probability distribution can be used to describe the arrival process. (a) What is the mean or expected number of customers that will arrive in a six-minute period? (b) Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a six-minute period. (Round your answers to four decimal places.) X 0 1 2 3 P(x) (c) Delays are expected if more than three customers arrive during any six-minute period. What is the probability that delays will occur? (Round your answer to four decimal places.)Ma1.
- A firm is engaged in both shipping and receiving activities. The management is always interested in improving the efficiency of new innovations in loading and unloading procedures. The arrival distribution of trucks is found to be Poisson with arrival rate of 3 trucks per The service time distribution is exponential with unloading rate of 4 trucks per hour. Determine (i) expected number of trucks in the queue, hour. (ii) expected waiting time of the truck in the queue, (iii) probability that the loading and unloading dock and workers will be idle, (iv) what reductions in waiting time are possible if loading and unloading is standardised?The average time between the arrivals of the taxis arriving at the airport to pick up passengers has an exponential distribution, with an average of 10 minutes. a) What is the probability that a passenger will wait for the taxi less than 15 minutes? b) What is the probability that a passenger will wait for the taxi between 20 and 30 minutes? Solve using the cumulative distribution function H1Customers arrive at a one window drive according to a poison distribution with mean of 10 minutes and service time per customer is exponential with mean of 6 minutes. The space in front of the window can accommodate only three vehicles including the serviced ones. Other vehicles are have to wait outside this space. Calculate:a. A. probability that an arriving customer can drive directly to the space in front of the windowb. Probability that an arriving customer will have to wait outside the directed space c. How long an arriving customer is expected to wait before getting the service?