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The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 210 loan applications per day. It estimated that each loan officer can process a loan application in approximately 15 minutes. If the utilization of a loan officer is 0.85 (85 percent) and each loan officer works six hours each day, how many loan officers would be needed to handle that volume of business? Round your answer up to the nearest whole number.

The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 210 loan applications per day. It estimated that each loan officer can process a loan application in approximately 15 minutes. If the utilization of a loan officer is 0.85 (85 percent) and each loan officer works six hours each day, how many loan officers would be needed to handle that volume of business? Round your answer up to the nearest whole number.

Practical Management Science
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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O Access Your QM 3 X * Mind Tap - Cengag x G The consumer loa X b My Questions | bar x Home - Liferay O Mail - Skaggs, Chri x M Inbox (525) - c.ska + A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=59920024807244270405005065&elSBN=9780357131725&id=1135815103&snapshotld=23240.. « * CENGAGE MINDTAP Q Search this course Chris v A My Home Chapter 11 Homework: Process Analysis and Resource Utilization A Courses Questions « Question 2 of 11 1. Hint(s) Check My Work (1 remaining) O Catalog and Study Tools 2. A-Z * Partner Offers 3. The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 210 loan applications per day. It estimated that each loan officer can process a loan application in approximately 15 minutes. If the 4. EE Rental Options utilization of a loan officer is 0.85 (85 percent) and each loan officer works six hours each day, how many loan officers would be gOfice 5. needed to handle that volume of business? Round your answer up to the nearest whole number. College Success Tips 6. 10 loan officers Career Success Tips 7. 8. Hide Feedback You are eligible for a FREE 7- day trial of Cengage Unlimited or Cengage Unlimited 9. Incorrect 10. eTextbooks 11. Try for Free Learn more ? Help Hint(s) Check My Work (1 remaining) Give Feedback 2 v i 5:18
Transcribed Image Text:O Access Your QM 3 X * Mind Tap - Cengag x G The consumer loa X b My Questions | bar x Home - Liferay O Mail - Skaggs, Chri x M Inbox (525) - c.ska + A https://ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=59920024807244270405005065&elSBN=9780357131725&id=1135815103&snapshotld=23240.. « * CENGAGE MINDTAP Q Search this course Chris v A My Home Chapter 11 Homework: Process Analysis and Resource Utilization A Courses Questions « Question 2 of 11 1. Hint(s) Check My Work (1 remaining) O Catalog and Study Tools 2. A-Z * Partner Offers 3. The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 210 loan applications per day. It estimated that each loan officer can process a loan application in approximately 15 minutes. If the 4. EE Rental Options utilization of a loan officer is 0.85 (85 percent) and each loan officer works six hours each day, how many loan officers would be gOfice 5. needed to handle that volume of business? Round your answer up to the nearest whole number. College Success Tips 6. 10 loan officers Career Success Tips 7. 8. Hide Feedback You are eligible for a FREE 7- day trial of Cengage Unlimited or Cengage Unlimited 9. Incorrect 10. eTextbooks 11. Try for Free Learn more ? Help Hint(s) Check My Work (1 remaining) Give Feedback 2 v i 5:18
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