Mbpf Bank On The Average Receives 20 Loan Applications Per Hour Each Loan Applic

mbpf bank on the average receives 20 loan applications per hour. each loan application goes through an initial processing stage, where an “accept” or “reject” decision is made. approximately 54% of the loans are accepted. Accepted loans require additional processing. rejected loans require no additional processing. suppose that on the average 12 loans applications are in the initial processing stage, and 30 accepted loan applications are in an additional processing stage. what is the average processing time required for a rejected loan?

 

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