Please read the scenario and answer the question basis on the scenario.
Scenario Two: The salary and benefits for a bank teller at the Elm Street branch is $18.50 per hour. If it has been estimated that the waiting time cost per hour is $62.00 per hour in line. Assume the bank is open 8 hours each day.
Question 1: How many customers would enter the bank's drive-in system on a typical day?
Question 2: How much total time would the customers spend waiting in line (system) during the entire day if one lane were open?
Question 3: If only one lane is open, what is the total daily waiting time cost of the system?
Question 4: If only one lane is open what is the total wait and service cost of the system?
Question 5: How much total time would the customers spend in line waiting to be serviced (queue) during the entire day if one lane were open?
Question 6: If only one lane is open, what is the daily total cost of the queuing wait time?
Question 7: If only one lane is open what are the total service and queuing wait time costs?