Business
Business, 19.11.2019 06:31, shinyelish6

Abank wishing to increase its customer base advertises that it has the fastest service and that virtually all of its customers are served in less than 11 minutes. a management scientist has studied the service times and concluded that service times are exponentially distributed with a mean of 6 minutes. determine what the bank means when it claims 'virtually all' its customers are served in under 11 minutes.

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Abank wishing to increase its customer base advertises that it has the fastest service and that virt...

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