The consumer loan division of a major bank wants to, Operation Management

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The consumer loan division of a major bank wants to

The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 200 loan application per day. It estimated that each loan office can process a loan application in approximately 20 minutes. If the utilization of a loan office is 0.8% (80%) and each loan officer works seven hours a day, how many loan officers would be needed to handle that volume of business?

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