Question: [8:33 PM, 4/11/2023] : Part I: APPLICATION & ANALYSIS. FLOW ANALYSIS OF CYCLE TIME. (22 Marks) Direction: Analyze the following process model. Given the parts,

[8:33 PM, 4/11/2023] : Part I: APPLICATION & ANALYSIS. FLOW ANALYSIS OF CYCLE TIME. (22 Marks) Direction: Analyze the following process model. Given the parts, and assigned variables and values to activities and paths, answer the following questions (10 Marks) 1. consider the credit application process model in below and the task cycle times given in Table, Let us also assume that 70% the applicant eligible. Calculate for the overall Average Cycle Time [8:33 PM, 4/11/2023] : Task Check credit history Cycle time 3 days Assess loan risk 4 days Appraise property 5 days Assess eligiblity 2 days Reject application 1 day Prepare acceptance pack 3 days Send acceptance pack 2 days

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