Question 2 Customers arrive at a bank according to a Poisson process at a rate of 100 per hour. 20% of them make only a deposit, 30% of them make only a withdrawal and the remaining 50% are there only...


Question 2<br>Customers arrive at a bank according to a Poisson process at a rate of 100 per hour. 20% of them make<br>only a deposit, 30% of them make only a withdrawal and the remaining 50% are there only to complain.<br>Deposit amounts are distributed with a mean of 8,000 and a standard deviation of 1,000. Withdrawal<br>amounts have a mean of 5,000 and a standard deviation of 2,000. The number of customers and their<br>activities are independent.<br>Using the Normal approximation, calculate the probability that in an 8 hour day the total withdrawal of<br>the bank will exceed the total deposits.<br>

Extracted text: Question 2 Customers arrive at a bank according to a Poisson process at a rate of 100 per hour. 20% of them make only a deposit, 30% of them make only a withdrawal and the remaining 50% are there only to complain. Deposit amounts are distributed with a mean of 8,000 and a standard deviation of 1,000. Withdrawal amounts have a mean of 5,000 and a standard deviation of 2,000. The number of customers and their activities are independent. Using the Normal approximation, calculate the probability that in an 8 hour day the total withdrawal of the bank will exceed the total deposits.

Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions ยป

Submit New Assignment

Copy and Paste Your Assignment Here