(Solved): HW 4 - OUTPUT ANALYSIS (a group of maximum 2 students) Calculate your factor f as the very first thi ...

HW 4 - OUTPUT ANALYSIS (a group of maximum 2 students) Calculate your factor

as the very first thing in answering hw questions. , (The last two digits of your id) (

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My last two digits of my id 52 You will use f in adjusting question data as directed in the questions BEFORE answering them Q1. A hair dresser receives about 50 customers per day on the average. We simulate the hair dresser with 15 replications (each replication corresponds to a day). Average waiting times of individual customers in minutes from each replication are given below. Answer the following questions. a. Estimate the expected waiting time of each customer and compute a 95% confidence interval of the expected waiting time. The target is expected waiting time should be less than 5 min . Based on the confidence interval, (

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we say that we achieve this target, why? b. We are interested in the 0.8 quantile of average waiting times for one day operation. Compute a point estimate and a 95% confidence interval for the 0.8 quantile. c. What would be a conservative estimate for the average waiting time? What would be a risky estimate for the average waiting time? d. What would be the number of required replication if we want an Error

of the current half width in item a above (for estimating the expected waiting time with 95% C.I.)? \table[[Replication,Avr. Waiting time],[1,

(my last two digits of my id 52)