Choice Bank receives credit card applications that need to be reviewed for a decision. There are two types of applications; preapproved, and non-preapproved. Preapproved applications only need a quick review and therefore take 6 minutes to process. Applications that are not preapproved need a secondary credit check and take 15 minutes to process. 8. The bank receives 10 preapproved applications every hour and 6 applications that are not preapproved every hour. What is the utilization of the process?
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Choice Bank receives credit card applications that need to be reviewed for a decision. There are two types of applications; preapproved, and non-preapproved. Preapproved applications only need a quick review and therefore take 6 minutes to process. Applications that are not preapproved need a secondary credit check and take 15 minutes to process.
8. The bank receives 10 preapproved applications every hour and 6 applications that are not preapproved every hour.
What is the utilization of the process?
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