A bank is opening a new location in a business district. They have to determine how...
- A bank is opening a new location in a business district. They
have to determine how many teller windows to have open during the
busy lunchtime hour. The demand during this hour is forecast to be
normally distributed with a mean of 23 customers and a standard
deviation of 10 customers. The average business revenue generated
from each customer is $25 and each customer takes an average of 5
minutes to be served. Tellers are paid an hourly wage of $20.
What is the capacity workforce cost of serving each customer?
Homework Answers
The capacity workforce cost of serving each customer is $23.33.
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A bank is opening a new location in a business district. They
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