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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
1
0
,
0
0
0
claims per year. The average
processing time is
3
weeks. How many claims are there in the system on
average?
(
Assume there are
5
0
weeks in a year
)
Thought Questions
In our loan review process, the average time it takes to process
one flow unit (i.e., Flow Time)=
Does this mean that the loan processing department can handle
?? applications per month?

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