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An insurance company processes 1 0 , 0 0 0 claims per year. The average processing time is 3 weeks . How many claims are
An insurance company processes
claims per year. The average
processing time is
weeks How many claims are there in the system on
average?
Assume there are
weeks in a year
Thought Questions
In our loan review process, the average time it takes to process
one flow unit ie Flow Time
Does this mean that the loan processing department can handle
applications per month?
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