Exhibit 12-3 a Credit Union Has a Small Branch in Which a Which

question 4

Essay

Exhibit 12-3
A Credit Union has a small branch in which a single customer service representative serves the needs of customers who arrive at an average rate of 24 per hour. The service representative can typically handle 30 customers per hour. Based on an analysis of historical data, it is reasonable to assume that customer interarrival times and service times are exponentially distributed. Assume that all arriving customers enter the branch, regardless of the number already waiting in line.
-Refer to Exhibit 12-3.What is the average length of the waiting line

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Definitions:

Salesperson

An individual who sells goods or services for a company, often directly interacting with customers to facilitate transactions.

Objection

A reason or argument presented by a customer against purchasing a product or service.

Salesperson

An individual who sells products or services to customers, aiming to meet or exceed sales targets.

Shelf Life

The length of time that a product remains usable, fit for consumption, or salable.