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Mathematics, 11.02.2021 21:10 fbpsye69

In a study of service quality, a bank manager was interested in knowing how many loan officers to have on hand to make sure that nearly all customers were served with a wait time less than 5 minutes. The manager initiates a study and finds that customers seeking loans arrive on average every 100 seconds. She also estimates that with only one loan officer the bank would have trouble serving customers if more than 2 customers came in in one minute. Suppose that a customer just arrived. Using the random number 0.655, simulate how long it will be until the next customer arrives (in seconds) if the interarrival times are exponentially distributed. Give your answer to 3 decimal places.

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