The consumer loan division of a major bank wants to determine the size of the staff it
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The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 200 loan applications per day. It estimated that each loan officer can process a loan application in approximately 20 minutes and works seven hours each day. How many loan officers would be needed to handle that volume of business?
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Service rate 3 loanshour7 hoursday ...View the full answer
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Related Book For 
Operations And Supply Chain Management
ISBN: 9780357131695
2nd Edition
Authors: David A. Collier, James R. Evans
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