Definition of automated teller machine
Definition of automated teller machine
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Customers arrive at the automatic teller machine in accordance with a Poisson process with rate 12 per hour. The amount of money withdrawn on each transaction is a random variable with mean $ 30 and standard deviation $ 50 . (A negative withdrawal means that money was deposited.) The machine is in use for 15 hours daily. Approximate the probability that the total daily withdrawal is less than $ 6000.
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