Wendy’s Drive-Through Fast-food restaurants spend quite a bit of time studying the amount of time cars spend in their drive-through. Certainly, the faster the cars get through the drive-through, the more the opportunity for making money. QSR Magazine studied drive-through times for fast-food restaurants, and found Wendy’s had the best time, with a mean time a car spent in the drive-through equal to 138.5 seconds. Assume that drive-through times are normally distributed , with a standard deviation of 29 seconds. Suppose that Wendy’s wants to institute a policy at its restaurants that it will not charge any patron that must wait more than a certain amount of time for an order. Management does not want to give away free meals to more than 1% of the patrons. What time would you recommend Wendy’s advertise as the maximum wait time before a free meal is awarded?
Wendy’s Drive-Through Fast-food restaurants spend quite a bit of time studying the amount of time cars spend in their drive-through. Certainly, the faster the cars get through the drive-through, the more the opportunity for making money. QSR Magazine studied drive-through times for fast-food restaurants, and found Wendy’s had the best time, with a mean time a car spent in the drive-through equal to 138.5 seconds. Assume that drive-through times are normally distributed , with a standard deviation of 29 seconds. Suppose that Wendy’s wants to institute a policy at its restaurants that it will not charge any patron that must wait more than a certain amount of time for an order. Management does not want to give away free meals to more than 1% of the patrons. What time would you recommend Wendy’s advertise as the maximum wait time before a free meal is awarded?
Wendy’s Drive-Through Fast-food restaurants spend quite a bit of time studying the amount of time cars spend in their drive-through. Certainly, the faster the cars get through the drive-through, the more the opportunity for making money. QSR Magazine studied drive-through times for fast-food restaurants, and found Wendy’s had the best time, with a mean time a car spent in the drive-through equal to 138.5 seconds. Assume that drive-through times are normally distributed, with a standard deviation of 29 seconds. Suppose that Wendy’s wants to institute a policy at its restaurants that it will not charge any patron that must wait more than a certain amount of time for an order. Management does not want to give away free meals to more than 1% of the patrons. What time would you recommend Wendy’s advertise as the maximum wait time before a free meal is awarded?
Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.
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