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

Grasp the impact of group size and composition on group dynamics and performance.

Comprehend the role and effectiveness of different types of task forces and committees.

Understand the concept of process losses in groups and how they impact group performance.

Recognize the impact of deadlines on group development and performance.

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Definitions:

Business Ethics

The principles and standards that determine acceptable conduct in business organizations.

Business Ethics

The study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, and social responsibility.

Stock Value

The monetary amount that a share of a specific stock is considered to be worth in the marketplace.

Dodd-Frank Wall Street Reform

A comprehensive set of financial regulations passed in 2010 in response to the 2008 financial crisis, aimed at reducing risk in the financial system.