Question

can you please provide details

Problem 6. (1 point) Ray Bones, a business analytics consultant engaged by Jimbo's Java & Jerk, is developing a simulation model to analyze the impact of changes to the company's operating policies on performance. Currently, Ray believes the time (min.) to prepare a customer's order follows a shifted exponential distribution with mean time 10.7654494907706 (min.) and a shortest possible time of 4.56 (min.). Find the maximum time (min.) to prepare a customer's order at 0.77 confidence: Note: enter answer to two decimal places.

Answer 1

06.) Meon (d = 10.76544.... low ex limit = 4.56 (At 71% Confidence) 4- MOE = 4.56 . 1o. 76544 MOE = 4.56 MOE = Mango MOE = 6.205 30% Maximum time - = M+ MOE 10.76544 & 4.205 = 16.970 Given; a = 42 per min 42 per min = 0.7 berminat W aiting time for customer follows exponential distribution with = 0.7 min Lett be the waiting time. p(T<t) = 0.87 S: To expo (1) t-eoitt = 0.87 L P (TSE) = 1- edel e-0.1% = 0.13 – 0.7t = ln (0.13 = - 2.04022 t = 2.9146 mins