Question: Auto - Moto receives about 8 0 0 loan applications per month ( 3 0 working days ) . All applications go through an Initial
AutoMoto receives about loan applications per month working days All applications go through an Initial Review subprocess, where the applications are then classified as A looks excellent B needs more detailed evaluation and C reject summarily A and B applications would be forwarded to subprocesses A and B respectively. On average, of all applications go through Subprocess A go through subprocess B and the rest are rejected. On average, of applications in subprocess A and of applications in subprocess B are accepted and the rest are rejected. Recall that all Cs were rejected. On average applications are in the Initial Review subprocess, are in subprocess A and applications are in subprocess B
What is the average flow time of an application? The potential answers are:
A: days.
B: days.
C: days.
D: days.
E: days.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
