A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour. Activity Time (minutes) A. Property survey 24 B. Credit report 19 C. Title search 18 D. Final decision 20 The office has three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D. Under this setting, what would be the maximum number of loan applications the office can process per day? Numbers only, keep three decimals if not exact, either round up or down is ok
A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour. Activity Time (minutes) A. Property survey 24 B. Credit report 19 C. Title search 18 D. Final decision 20 The office has three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D. Under this setting, what would be the maximum number of loan applications the office can process per day? Numbers only, keep three decimals if not exact, either round up or down is ok
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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A mortgage service office has the following four activities involved in approving a loan application. Note that a working day is 8 hours and there are 60 minutes in one hour.
| Activity | Time (minutes) |
| A. Property survey | 24 |
| B. Credit report | 19 |
| C. Title search | 18 |
| D. Final decision | 20 |
The office has three employees, activities A, B and C are combined together and assigned to two employees, while the other employee is responsible for the last activity D. Under this setting, what would be the maximum number of loan applications the office can process per day?
Numbers only, keep three decimals if not exact, either round up or down is ok
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