Mathematics, 31.05.2020 00:00 kobiemajak
A bank wishing to increase its customer base advertises that it has the fastest service and that virtually all of its customers are served in less than 10 minutes. A management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 6 minutes. Determine what the bank means when it claims 'virtually all' its customers are served in under 10 minutes. Proportion of customers served in under 10 minutes
Answers: 2
Mathematics, 21.06.2019 23:30
Sam opened a money-market account that pays 3% simple interest. he started the account with $7,000 and made no further deposits. when he closed the account, he had earned $420 in interest. how long did he keep his account open?
Answers: 1
A bank wishing to increase its customer base advertises that it has the fastest service and that vir...
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