The coefficient of variation for inter-arrival times of customers arriving at a sandwich shop is equal to 3. If the standard deviation of the inter-arrival times is 1 minute(s). What is the average inter-arrival time in minutes? Round answer to two decimal places.
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The coefficient of variation for inter-arrival times of customers arriving at a sandwich shop is equal to 3. If the standard deviation of the inter-arrival times is 1 minute(s). What is the average inter-arrival time in minutes?
Round answer to two decimal places.
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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?The following data has been collected on the number of customers seen to arrive to a museum in a succession of 5-minute intervals: 5, 1, 3, 7, 5, 5, 6, 7, 5, 7, 4, 8, 1, 5, 2, 3, and 5. Estimate the squared coefficient of variation of the arrival process. If this data was known to come from a Poisson process, what would be your estimate of λ, the rate of customer arrivals?given the following: A typical TSA agent at Piedmont Triad International Airport takes approximately 1.15 minutes to screeneach passenger that arrives at the security gate. During the day, a passenger arrives at the gate onaverage every 1.3 minutes. Both the service rate and arrival rate follow a Poisson distribution. Based onthis information and the assumption that only one screening line is open at the security gate, answer thefollowing questions with the given information: a) average number of passengers waiting in line to be screened is 7 b) average amount of time (in minutes) passengers spend waiting in line is .147 minutes c) average amount of time (in minutes) passengers spend in the screening system?.166 minutes 1. What is percent of the time does the typical TSA agent spend actively screening passengers? 2. Throughout the day, passenger arrival rates vary with the greatest number of passengers arriving about 45 minutes before a flight is expected to depart. If during this…
- Tony’s Barbershop is run, owned, and operated by Anthony Jones, who has been cutting hairfor more than 20 years. Anthony does not take appointments, so the arrival pattern of customers is essentially random. Traditionally, the arrival rate had been about one customer every50 minutes. Two months ago, the local paper ran an article about Anthony that improved business substantially. Currently, the arrival rate is closer to one customer every 35 minutes. Haircutsrequire an average of 25 minutes, but the times vary considerably depending on customerneeds. A trim might require as little as 5 minutes, but a shampoo and styling could take as longas an hour or more. For this reason, the exponential distribution seems to provide a reasonablygood fit of the service time distribution.Anthony’s customers have always been patient, but ever since business picked up, somehave complained that the wait is too long. Anthony is considering taking his cousin Marvin intothe business to improve customer…Bill First, general manager of Worthmore Department Store, has estimated that every hour of customer time spent waiting in line for a sales clerk to become available costs the store $100 in lost sales and goodwill. Customers arrive at the checkout counter at the rate of 30 per hour, and the average service time is 3 minutes. The Poisson distribution describes the arrivals and the service times are exponentially distributed. The number of sales clerks can be 2, 3, or 4, with each one working at the same rate. Bill estimates the salary and benefits for each clerk to be $10 per hour. The store is open 10 hours per day. (a) Find the average time in the line if 2, 3, and 4 clerks are used. (b) What is the total time spent waiting in line each day if 2, 3, and 4 clerks are used? (c) Calculate the total of the daily waiting cost and the service cost if 2, 3, and 4 clerks are used. What is the minimum total daily cost?BBA Bank (a fictitious one) has a drive-through teller window and observed that 15 customers arrive for service per hour, on an average, and the average service time per customer is 3 minutes. Assume inter-arrival time and service time follow a negative Exponential distribution. The bank hires you as a consultant. You guess that this is an M|M|1 system and you are required to determine the following: Probability (teller is busy) Probability (teller is idle) Probability of 3 customers in the system. Average number of customers waiting for service, that is, number of autos in the line excluding the one at the teller window. Average number of customers in the system, that is, number of autos in the line including the one at the teller window. Average time a customer spends in the system, that is, waiting time plus service time. Average time a customer spends in the waiting line before reaching the teller window.
- 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 24 customers per hour or 0.4 customers per minute. What is the mean or expected number of customers that will arrive in a five-minute period?λ = fill in the blank 1 per five minute period Assume that the Poisson probability distribution can be used to describe the arrival process. Use the arrival rate in part (a) and compute the probabilities that exactly 0, 1, 2, and 3 customers will arrive during a five-minute period. If required, round your answers to four decimal places. x P(x) 0 fill in the blank 2 1 fill in the blank 3 2 fill in the blank 4 3 fill in the blank 5 Delays are expected if more than three customers arrive during any five-minute period. What is the probability that delays will occur? If required, round your…The First American Bank of Rapid City has one outside drive-up teller. It takes the teller an average of 4 minutes to serve a bank customer. Customers arrive at the drive-up window at a rate of 12 per hour. The bank operations officer is currently analyzing the possibility of adding a second drive-up window, at an annual cost of $20,000. It is assumed that arriving cars would be equally divided between both windows. The operations officer estimates that each minute’s reduction in customer waiting time would increase the bank’s revenue by $2,000 annually. Should the second drive-up window be installed?At a fashion retailer, there are 3 cashiers providing checkout service simultaneously. On average, customers arrive at the checkout area every 6 minutes. It has been estimated that the arrival process is a Poisson process. The average checkout time for each customer is 12 minutes, with its standard deviation equal to 17 minutes. Suppose that customers form a single line. What is the average length of the line (i.e., average number of customers in the waiting line)? Note: 1. Keep 2 decimal places for your final answer. Either use Excel for your calculation, or keep at least 4 decimal places for your intermediate numbers. 2. The Poisson arrival process has exponentially distributed inter-arrival times.