Exploring Automated Teller Machine Parts and Their Functions
Exploring Automated Teller Machine Parts and Their Functions
11 months ago
cgaa.org
Customers arrive at the automatic teller machine in accordance with a Poisson process with rate 12 per hour. The amount of money withdrawn on each transaction is a random variable with mean $ 30 and standard deviation $ 50 . (A negative withdrawal means that money was deposited.) The machine is in use for 15 hours daily. Approximate the probability that the total daily withdrawal is less than $ 6000.
Customers arrive at the automatic teller machine in accordance with …
Nov 23, 2021
numerade.com
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