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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 claims per year. The average processing time for a claim is weeks. percent of all claims received are car insurance claims, percent of all claims received are motorcycle insurance claims, percent are boat insurance claims, and the remaining are house insurance claims. On average there are, car, motorcycle, boat, and some house claims in the process. Assume weeks per year.
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What is the average number of claims that are in the process? The potential answers are:
A: claims.
B: claims.
C: claims.
D: claims.
E: claims.
How many house insurance claims are in the process? The potential answers are:
A: claims.
B: claims.
C: claims.
D: claims.
E: claims.
How long, on average, does it take to process a car insurance claim? The potential answers are:
A: weeks.
B: weeks.
C: weeks.
D: weeks.
E: weeks.
How long, on average, does it take to process a house insurance claim? The potential answers are:
A: weeks.
B: weeks.
C: weeks.
D: weeks.
E: weeks.
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