Mathematics, 12.03.2021 15:20 nick607
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 4.5 minutes. Determine what the bank means when it claims 'virtually all' its customers are served in under 10 minutes.
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A bank wishing to increase its customer base advertises that it has the fastest service and that vir...
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