The Management at Ohio National Bank does not want its customers to wait in line
ID: 3218170 • Letter: T
Question
The Management at Ohio National Bank does not want its customers to wait in line for service for too long. The manager of a branch of this bank estimated that the customers currently have to wait an average of 8 minutes for service. Assume that the waiting times for all customers at this branch have a normal distribution with a mean of 8 minutes and a standard deviation of 2 minutes.
Find the probability that randomly selected customer will have to wait for less than 4 minutes?
Instructions: Show all steps:
Draw the normal curve and indicate the mean, standard deviation, and the X bar scale
Identify the area of interest (that is shade the area under the curve that you will compute the probability).
Covert the X bar values in Z scores
Look up the Z standardized table for the cumulative area(s).
Now, make your decision ( that a customer will wait for less than 4 minutes)
Explanation / Answer
Here mean=8 and sd=2
We need to find P(x<4)
As this is normal distribution we will convert x to z=x-mean/sd=4-8/2=-2
So we need to find P(z<-2)=0.5+P(0<z<-2)=0.5-0.4772=0.0228=2.28%
Hence customer will not wair for less than 4 minutes as probability is too low
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