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An insurance company processes 1 0 0 0 claims per year. The average processing time for a claim is 1 0 weeks. 4 0 percent

An insurance company processes 1000 claims per year. The average processing time for a claim is 10 weeks. 40 percent of all claims received are car insurance claims, 30 percent of all claims received are motorcycle insurance claims, 15 percent are boat insurance claims, and the remaining are house insurance claims. On average there are, 30 car, 15 motorcycle, 20 boat, and some house claims in the process. Assume 50 weeks per year.
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1. What is the average number of claims that are in the process? The potential answers are:
A: 144 claims.
B: 360 claims.
C: 200 claims.
D: 100 claims.
E: 60 claims.
2. How many house insurance claims are in the process? The potential answers are:
A: 44 claims.
B: 59 claims.
C: 3 claims.
D: 138 claims.
E: 135 claims.
3. How long, on average, does it take to process a car insurance claim? The potential answers are:
A: 5 weeks.
B: 3 weeks.
C: 4.38 weeks.
D: 8 weeks.
E: 3.75 weeks.
4. How long, on average, does it take to process a house insurance claim? The potential answers are:
A: 45 weeks.
B: 6 weeks.
C: 57.5 weeks.
D: 60 weeks.
E: 41.6 weeks.

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