Waiting time for service at a Bank has a mean of 65 seconds and a standard deviation of 25 seconds. The Bank manager assures that the probability of waiting should not exceed 99.3% for 1.6 standard deviations from the average wait time. If a customer waits 1.6 standard deviations exceeding the average wait time, what is the expected wait time for this customer in seconds (Assume wait time is normally distributed)? O a. 123.16 O b. 25.00 O c. 125.22 O d. 105.00 O e. 126.43 O f. 124.14

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Waiting time for service at a Bank has a mean of 65 seconds and a
standard deviation of 25 seconds. The Bank manager assures that the
probability of waiting should not exceed 99.3% for 1.6 standard deviations
from the average wait time. If a customer waits 1.6 standard deviations
exceeding the average wait time, what is the expected wait time for this
customer in seconds (Assume wait time is normally distributed)?
O a. 123.16
O b. 25.00
O c. 125.22
O d. 105.00
O e. 126.43
Of. 124.14
Transcribed Image Text:Waiting time for service at a Bank has a mean of 65 seconds and a standard deviation of 25 seconds. The Bank manager assures that the probability of waiting should not exceed 99.3% for 1.6 standard deviations from the average wait time. If a customer waits 1.6 standard deviations exceeding the average wait time, what is the expected wait time for this customer in seconds (Assume wait time is normally distributed)? O a. 123.16 O b. 25.00 O c. 125.22 O d. 105.00 O e. 126.43 Of. 124.14
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