Question

"Statewide Insurers receives 1,600 applications per month Currently, there are 160 applications in the Reception area and 240 applications with the Underwriting team Application must go through Receiving and then the Underwriting process How long does it take to process an application? Assume that there are 20 working days per month"

Answer 1

Answer:

It takes 5 days to process an application.

Step-by-step explanation:

We have that number of requests per month would be equal 1600

Now, the applications in hand would be:

160 + 240 = 400

They tell us that everything must be in a number of 20 business days, therefore, the number of applications in one day would be:

1600/20 = 80

Which means that the time needed to finish an application is:

400/80 = 5 days

It takes 5 days to process an application.