Suppose a small bank has one teller and customer transactions take 10 minutes on average. With 5.8 customers arriving per hour, what is the expected wait time? What would it be if you added a second teller?
The executor went to the neighbouring farm and asked to borrow a sheep for a few minutes. Then he returned to the sons and said, “Half of the (now) twenty sheep is 10. A quarter of the twenty sheep is 5. A fifth of the twenty sheep is 4. 10 + 5 + 4 = 19. Then the executor took the borrowed 20th sheep back to the neighbour.
Augustus loves candy and much to his delight, his three favorites are on sale. One each of gum, chocolate and caramel cost 40 cents. A caramel is over three times the price of gum. Six gums are worth more than chocolate. A caramel plus two gums cost less than chocolate. What is the price of each candy?
Maya’s mother asked her to buy some stamps. The available stamps were 3 cents, 9 cents, 11 cents, 17 cents and 21 cents. Her mother asked her to buy eight each of three stamps and nine of each of the remaining two stamps. Unfortunately, Maya forgot which stamps she was supposed to buy eight and nine of. Luckily, her mother had given her $5, the exact amount required to buy the stamps. Which stamps did she buy?