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Use the Information Below to Answer the Following Question(s)

Question 3

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Use the information below to answer the following question(s) .
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 cost of insufficient capacity (i.e.insufficient number of teller windows open) (CU) ?


A) $15.67
B) $23.33
C) $25
D) $32.33

Correct Answer:

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