Question: Old MathJax webview question6 all required data is in the question QUESTION 6 [8] ABC Co. assists 30 clients with insurance claims per day. The

Old MathJax webview

Old MathJax webview question6 all required data

question6

all required data is in the question

QUESTION 6 [8] ABC Co. assists 30 clients with insurance claims per day. The branch manager needs to determine if they should hire 1.2.3 or 4 claims consultants. Based on historical data, the manager determined that the average waiting times for clients, are 14 minutes with one consultant, 8 minutes with two consultants, 6 minutes with three consultants and 4 minutes with four consultants. The manager has estimated that the cost per minute that customers wait, is R20. The cost per claims consultant per day is R1 500. How many consultants should be hired? Use the table below to assist with your calculation. Number of claims consultants Description a Average number of b Average waiting time C Total waiting time d Waiting time cost e Value of lost time f Salary cost 9 TOTAL EXPECTED COST (per day) Decision

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