Question: Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 500 loan applications per month (30working days). All applications go through an

Subprocess A Review Accepted Initial ReviewSubprocess A Review Accepted Initial ReviewSubprocess A Review Accepted Initial ReviewSubprocess A Review Accepted Initial Review

Subprocess A Review Accepted Initial Review Subprocess B Review Rejected Auto-Moto receives about 500 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, 27% of all applications go through Sub-process A, 30% go through sub-process B, and the rest are rejected. On average, 80% of applications in sub-process A, and 15% of applications in sub-process B are accepted and the rest are rejected. (Recall that all Cs were rejected.) On average 120 applications are in the Initial Review sub-process, 45 are in sub-process A, and 20 applications are in sub-process B. 1. What is the average flow time of an application? The potential answers are: A: 11.25 days. B: 4.8 days. C: 3.95 days. D: 11.1 days. E: 12.6 days. 2. How many applications are rejected per month? The potential answers are: A: 672 applications. B: 870 applications. C: 880 applications. D: 369.5 applications. E: 405 applications. 3. Compute the average flow time at Initial Review sub-process. The potential answers are: A: 7.2 days. B: 2.9 days. C: 9 days. D: 10 days. E: 4.5 days. 4. Compute the average flow time at sub-process A. The potential answers are: A: 3.33 days. B: 10 days. C: 14 days. D: 12 days. E: 12.5 days. 5. Compute the average flow time at sub-process B. The potential answers are: A: 3 days. B: 1 days. C: 4 days. D: 10 days. E: 8 days. 6. Compute the average flow time of an accepted application. The potential answers are: A: 12.5 days. B: 13.1 days. C: 16.17 days. D: 10.8 days. E: 6.5 days. 7. Compute the average flow time of a rejected application. The potential answers are: A: 8.75 days. B: 10.04 days. C: 9.43 days. D: 4.57 days. E: 9.31 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: 11.25 B: 4.8 C: 3.95 D: 11.1 E: 12.6

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