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Question 11
A supermarket has been investigating how long customers have to wait at the checkout. During any half hour period, the percentage, P%, of customers who wait for les... show full transcript
Step 1
Answer
To find the value of k, we start with the formula:
Substituting the values given:
Dividing both sides by 100:
Rearranging gives us:
Next, we take the natural logarithm of both sides:
This simplifies to:
Calculating this value, we find:
Step 2
Answer
We need to determine the percentage of customers who wait for 5 minutes or longer, which can be calculated using the formula:
Substituting k with approximately 0.231:
Calculating the exponent:
Thus,
Now, calculating e to the power of -1.155:
So,
This means roughly 68.4% of customers wait for 5 minutes or longer.
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