Select the answer that best describes what is being asked. Consider the given table below:   1. How many teller/s incur/s the highest expected cost?   a. 1 teller b. 2 tellers c. 3 tellers d. 4 tellers   2. How many number of teller/s incur/s the lowest expected cost?   a. 2 tellers b. 3 tellers c. 4 tellers d. 5 tellers   3. What is your managerial decision if you currently have 3 tellers?   a. Maintain three tellers b. Reduce the number of customers by limiting the facility c. Employ two additional tellers d. Layoff one teller

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter16: Financial Planning And Control
Section: Chapter Questions
Problem 7PROB
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Select the answer that best describes what is being asked.

Consider the given table below:

 
1. How many teller/s incur/s the highest expected cost?
 
a. 1 teller
b. 2 tellers
c. 3 tellers
d. 4 tellers
 
2. How many number of teller/s incur/s the lowest expected cost?
 
a. 2 tellers
b. 3 tellers
c. 4 tellers
d. 5 tellers
 
3. What is your managerial decision if you currently have 3 tellers?
 
a. Maintain three tellers
b. Reduce the number of customers by limiting the facility
c. Employ two additional tellers
d. Layoff one teller
Cost per min = $15.60
Cost per teller = $ 55.50
Average # of Customers = 8
NUMBER OF TELLERS
1
2
3
4
Average Time Customer Waits (min)
15
13
10
8
5
Waiting Costs
Service Cost
ТOОTAL EXPECTED COST
Transcribed Image Text:Cost per min = $15.60 Cost per teller = $ 55.50 Average # of Customers = 8 NUMBER OF TELLERS 1 2 3 4 Average Time Customer Waits (min) 15 13 10 8 5 Waiting Costs Service Cost ТOОTAL EXPECTED COST
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