Answer (Part C. & D.)

A bank receives load applications from 6 customers a day. The bank has promised customers that applications will be processed in the order they are received. The table below shows the applications in the order they were received, the processing time for each loan application, and the due date that customers need to hear about their application status: c. Now assume the bank gives priority to the applications who have the earliest due dates (EDD). Determine the average processing time, average tardiness, and average number of applications in this scenario. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. d. Now assume the bank accounces that it will take into account both the processing time and the due dates in order to determine the order of the applications to be processed (CR). Calculate the average processing time, average tardiness, and average number of applications. (Round your answers to 2 decimal places.)