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Use the information below to answer the following question(s) .
A bank is opening a new location in a business district.They have to determine how many teller windows to have open during the busy lunchtime hour.The demand during this hour is forecast to be normally distributed with a mean of 23 customers and a standard deviation of 10 customers.The average business revenue generated from each customer is $25 and each customer takes an average of 5 minutes to be served.Tellers are paid an hourly wage of $20.
-What is the cost of insufficient capacity (i.e.insufficient number of teller windows open) (CU) ?
Learning Importance
The significance attributed to acquiring new knowledge, skills, and competencies for personal development or professional advancement.
Emotions of Others
The feelings or emotional states experienced by people other than oneself, often considered in the context of empathy or social interactions.
Managerial Function
Key roles and actions performed by managers to plan, organize, lead, and control an organization.
Monitoring Performance
The continuous process of tracking and evaluating the effectiveness and outcomes of tasks, operations, or systems.
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