Monday

January 26, 2015

January 26, 2015

Posted by **Nancy** on Saturday, April 7, 2012 at 12:05pm.

certain bank has a mean of $500 with a standard deviation of $70. To reduce the

incentives for robbery, the bank puts money into the machine every 12 hours and

it keeps the amount deposited fairly close to the expected total withdrawals for a

12-hour period. If 100 withdrawals were expected in each 12-hour period and

each withdrawal was independent, how much should the bank put into the

machine so that the probability of running out of money was 0.05?

**Answer this Question**

**Related Questions**

statistic solution - The distribution of cash withdrawals from the automatic ...

statistic - To learn more about the size of withdrawals at a banking machine, ...

Math (Statistic) - Considered the sampling distribution of a sample mean ...

Quantitative Techniques - Q No. A company is seriously considering buying one ...

business - allow(s) deposits or withdrawals to be made to and from a bank ...

statistic - 1. A distribution has a standard deviation of 12. Find the z-...

English - 1. The new automatic teller machine did not function as expected. 2. ...

statistic - The mean salary per day of all the 5000 employees who work in a ...

MATH - Which of the following normal distributions has the smallest spread? A. A...

Statistics (Math) - A government report looked at the amount borrowed for ...