A Bakery Is Considering Hiring Another Clerk to Better Serve

question 27

Multiple Choice

A bakery is considering hiring another clerk to better serve customers. To help with this decision, records were kept to determine how many customers arrived in 10-minute intervals. Based on 100 10-minute intervals, the following probability distribution and random number assignments developed.
$$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Number of } \\\text { Arrivals }\end{array} & \text { Probability } & \begin{array} { c } \text { Random } \\\text { numbers }\end{array} \\\hline 6 & .1 & .01 - .10 \\\hline 7 & .3 & .11 - .40 \\\hline 8 & .3 & .41 - .70 \\\hline 9 & .2 & .71 - .90 \\\hline 10 & .1 & .91 - .00 \\\hline\end{array}$$
-Suppose the next three random numbers were .08, .50 and .69. How many customers would have arrived during this 30-minute period?

• A) 22
• B) 23
• C) 24
• D) 25

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Definitions:

Maximize Profit

The process or strategy of adjusting production and operation to achieve the highest possible return or profit.

Minimize Losses

Refers to the strategy of reducing the amount of money or resources wasted or not profitably used in a business or operation.

Output Units

Output units refer to the individual units of product or service produced by a business or economic system.

Purely Competitive Seller

A seller in a market where there are many buyers and sellers, with no single entity able to control the market price.