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The Management at Ohio National Bank does not want its customers to wait in line

ID: 3218170 • Letter: T

Question

The Management at Ohio National Bank does not want its customers to wait in line for service for too long. The manager of a branch of this bank estimated that the customers currently have to wait an average of 8 minutes for service. Assume that the waiting times for all customers at this branch have a normal distribution with a mean of 8 minutes and a standard deviation of 2 minutes.

Find the probability that randomly selected customer will have to wait for less than 4 minutes?

Instructions: Show all steps:

Draw the normal curve and indicate the mean, standard deviation, and the X bar scale

Identify the area of interest (that is shade the area under the curve that you will compute the probability).

Covert the X bar values in Z scores

Look up the Z standardized table for the cumulative area(s).

Now, make your decision ( that a customer will wait for less than 4 minutes)

Explanation / Answer

Here mean=8 and sd=2

We need to find P(x<4)

As this is normal distribution we will convert x to z=x-mean/sd=4-8/2=-2

So we need to find P(z<-2)=0.5+P(0<z<-2)=0.5-0.4772=0.0228=2.28%

Hence customer will not wair for less than 4 minutes as probability is too low

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