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

The distribution of cash withdrawals from the automatic teller machine at a

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 ...
- Law - 1. Of the following scenarios, which one would be classified as robbery? A...
- business - allow(s) deposits or withdrawals to be made to and from a bank ...
- statistic - To learn more about the size of withdrawals at a banking machine, ...
- Math (Statistic) - Considered the sampling distribution of a sample mean ...
- business - Tavarez Company assembled the following information in completing its...
- Quantitative Techniques - Q No. A company is seriously considering buying one ...
- Math - Bank XYZ is hiring, and they would like to determine the number of ...
- Accounting - On Aug 14th, One of our Partner's ( Compuville ) cash book showed a...
- I need help answering this question - On Aug 14th, One of our Partner's ( ...

More Related Questions