Determine the utilization and the efficiency for each of these situations:
A loan processing operation that processes an average of 7 loans per day. The operations has a design capacity of 10 loans per day and an effective capacity of loans per day.
A furnace repair team that services an average of four furnaces a day if the design capacity is six furnaces a day and the effective capacity is five furnaces a day.
Would you say that systems that have higher efficiency ratios than other systems will always have higher utilization ratios than those other systems? Explain and please provide the excel formulas.