Question: please help, not sure how to solve, thank you! Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 750 loan applications
please help, not sure how to solve, thank you!
Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 750 loan applications per month (30working days). All applications go through an Initial Review sub-process, 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 sub-processes A and B, respectively. On average, 32% of all applications go through Sub-process A, 28% go through sub-process B, and the rest are rejected. On average, 60% of applications in sub- process A, and 20% of applications in sub-process B are accepted and the rest are rejected. (Recall that all Cs were rejected.) On average 150 applications are in the Initial Review sub-process, 50 are in sub-process A, and 70 applications are in sub-process B. 6. Compute the average flow time of an accepted application. The potential answers are: A: 20.81 days. B: 13.1 days. C: 6.5 days. D: 6.26 days. E: 18.4 days. 7. Compute the average flow time of a rejected application. The potential answers are: A: 9.43 days. B: 10.04 days. C: 3.51 days. D: 12.18 days. E: 11.71 days. 8. Using which one of the following numbers can you prove that the flow times that you have found for accepted and rejected applications are correct? The potential answers are: A: 10.8 B: 12.8 C: 12.6 D: 12 E: 7.68

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