A Bank Manager Estimates That an Average of Two Customers

question 118

Multiple Choice

A bank manager estimates that an average of two customers enter the tellers' queue every five minutes. Assume that the number of customers that enter the tellers' queue is Poisson distributed. What is the probability that exactly three customers enter the queue in a randomly selected five-minute period?

• A) 0.0902
• B) 0.1804
• C) 0.2240
• D) 0.2707

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Definitions:

Regional Trade Agreements (RTAs)

Treaties between two or more geographically close countries that facilitate trade by reducing tariffs and import quotas, enhancing economic integration.

Order Cycle Time

The total time taken from the moment a customer places an order until the product is delivered, reflecting the efficiency of a supply chain.