The process for handling insurance claims at a branch of the Green Insurance Company has an average
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Question:
The process for handling insurance claims at a branch of the Green Insurance Company has an average flow rate of claims per minute. Branch manager Shauna Green has calculated, based on her observations of the process, that there are claims on average (including at and between different steps) in the claims handling process.
Based on this information, please calculate and report the average time spent by a claim in this process from start to end, making sure to include the units (minutes or hours) in order to get full credit for your answer.
Remember to show your work including any formula you use.
Round your final answer to three spaces (if needed) after the decimal.
Bold your final answer.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
Posted Date: