Computers and Technology, 23.10.2019 19:50 1846252
Abank 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 11 minutes. a management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 5.5 minutes. determine what the bank means when it claims 'virtually all' its customers are served in under 11 minutes.
proportion of customers served in under 11 minutes =
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