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MBPF Bank on the average receives 2 0 loan applications per hour. Each loan application goes through an initial processing stage, where an accept or
MBPF Bank on the average receives loan applications per hour. Each loan application goes through an initial processing stage, where an "accept" or "reject" decision is made. Approximately of the loans are accepted. Accepted loans require additional processing. Rejected loans require no additional processing. Suppose that on the average loans applications are in the initial processing stage, and accepted loan applications are in an additional processing stage.
What is the average processing time required for a rejected loan?
The potential answers are:
A: minutes.
B: minutes.
C: minutes.
D: minutes.
E: minutes.
D
What is the average processing time required for an accepted loan?
The potential answers are:
A: minutes.
B: minutes.
C: minutes.
D: minutes.
E: minutes.
What is the average processing time required for a loan application?
The potential answers are:
A: minutes.
B: minutes.
C: minutes.
D: minutes.
E: minutes.
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