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On average there are 3 customers in line waiting. On average customers spend 4 minutes with the cashier. When the customers leave the cashier, 90% immediately exit the bank and 10% go to the loan officer, where there is an average of 1/2 person waiting to see the loan officer. On average customers spend 15 minutes with a loan officer. a. Draw the process flow diagram for this process in either word or Excel (label all activities and buffers) b. Calculate the inventory, throughput rate and process time for each activity and buffer. c. State the average time that a customer who only goes to see the cashier spends in the bank including their time waiting. d. What is the average number of customers in the bank?
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Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6 days
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Jan sold her house on December 31 and took a $50,000 mortgage as part of the payment. The 10-year mortgage has a 11% nominal interest rate, but it calls for semiannual payments beginning next June 30.
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