WEIBULL DISTRIBUTION AND ITS APPLICATIONS ON TIME SPENT BY CUSTOMERS AT AUTOMATED TELLER MACHINES

₦ 5,000.00
i h

ABSTRACT

Automated teller machines, used by banking facilities to improve efficiency and productivity, thereby improving customers satisfaction and saving time. The Weibull distribution, a continuous probability distribution used for modelling reliability and survival analysis. Some of its parameters where stated, proved and utilized in this study. The application of this distribution is carried out by analyzing 150 data sets from three (3) data sources using the Minitab Statistical software, where the proposed distribution has been fitted into real life data and the fit has been found to be good.

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