--%>

Problem on banks

Customers arrive at a bank with 2 tellers. The manager took the following data for 11 customers during a busy time.

The manager has asked you to:

(a) Create an event log.

(b) Calculate the average time customers spend in the bank.

(c)  Calculate the average time customers wait in line.

(d) Calculate the average number in queue.

(e) Calculate the percentage of time each server is busy.

(f ) Calculate  the percentage  of time both  servers are busy.

   Related Questions in Finance Basics

  • Q : For banking services how competitive is

    For banking services how competitive is the market?Along with more than 7,000 banks and thrifts in the U.S., banking is one of the most competitive industries in the world. Assume the following characteristics of the American financial services

  • Q : Define May Revision May Revision : The

    May Revision: The annual update to the Governor’s Budget having a revised estimate of General Fund revenues for the present and ensuing fiscal years, any proposals to adjust expenditures to reflect the updated revenue estimates,

  • Q : Describe compensating balances its need

    Describe compensating balances and why do banks needs them from some customers? Under what situation would banks be most likely to impose compensating balances? Compensating balances are funds that a bank needs a customer to maintain in a non-i

  • Q : Explain Equity Financing Equity

    Equity Financing: New or small businesses might find it hard to get debt financing therefore they turn to equity funding. The Equity financing frequently comes from non-professional investors like family, friends, or employees. This can as well come f

  • Q : Equilibrium level of aggregate

    Normal 0 false false

  • Q : Why riskiness of portfolios is

    Normal 0 false false

  • Q : Chartered bank loan policy Normal 0

    Normal 0 false false

  • Q : Define Accrual Basis of Accounting

    Accrual Basis of Accounting: The foundation of accounting in which transactions are identified whenever they take place, regardless of when cash is disbursed or received. The revenue is recorded whenever earned, and expenses are recor

  • Q : FIN 335: Time Value of Money Problems

    FIN 335: Time Value of Money Problems  Computed on a Texas Instrument BA II Plus financial calculator  Before you start:  ? The calculator com

  • Q : Demand for small automobiles Normal 0

    Normal 0 false false