Question: The cycle time for assess application is 24 hrs Make credit offer 3 hrs Notify rejection 6hrs Receive customer feedback 6 hrs There is a

The cycle time for assess application is 24 hrs
Make credit offer 3 hrs
Notify rejection 6hrs
Receive customer feedback 6 hrs
There is a 40% chance that application is granted and 60% chance of denied
The chance of request review is 10%
what is the total cycle time for the whole process
exit point Make entry point credit offer granted X Assess application X denied Credit application processed Notify rejection Receive customer feedback exit point decision review requestedStep by Step Solution
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