The Cashier Service Time at the Local Branch of the Rivertown

question 38

Multiple Choice

The cashier service time at the local branch of the Rivertown bank has an exponential distribution with a mean of 2.5 minutes. What is the probability that the service time exceeds 3 minutes?

• A) .3012
• B) .6988
• C) .4346
• D) .5654
• E) .0821

---

Definitions:

Committee

A group of individuals designated to perform a specific task or to deliberate on a particular issue or range of issues.

Greater Empowerment

The process of granting employees more authority and responsibility, enabling them to make decisions and act independently.

Functional Chimney

A metaphor describing organizational silos where departments function independently but lack inter-departmental communication.

Team Building

Activities and exercises aimed at enhancing social relations and defining roles within teams, often involving collaborative tasks.