Business, 17.03.2020 20:58 hernan99961

MBPF Bank on the average receives 50 loan applications per hour. Each loan application goes through an initial processing stage, where an "accept" or "reject" decision is made. Approximately 65% of the loans are accepted. Accepted loans require additional processing. Rejected loans require no additional processing. Suppose that on the average 5 loans applications are in the initial processing stage, and 25 accepted loan applications are in an additional processing stage.
1. What is the average processing time required for a rejected loan?The potential answers are:A: 6 minutes. B: 39 minutes. C: 12 minutes. D: 10 minutes. E: 8.33 minutes.

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MBPF Bank on the average receives 50 loan applications per hour. Each loan application goes through...

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