The United Mutual and Accident Insurance Company has alarge pool of clerical employees who process insuranceapplication forms on networked computers. When thecompany hires a new clerical employee, it takes that personabout 48 minutes to process a form. The learning curve forthis job is 88%, but no additional learning will take placeafter about the 100th form is processed. United Mutual hasrecently acquired a smaller competitor that will add 800new forms per week to its clerical pool. If an employeeworks six hours per day (excluding breaks, meals, and soon) per five-day week, how many employees would behired to absorb the extra workload?
The United Mutual and Accident Insurance Company has alarge pool of clerical employees who process insuranceapplication forms on networked computers. When thecompany hires a new clerical employee, it takes that personabout 48 minutes to process a form. The learning curve forthis job is 88%, but no additional learning will take placeafter about the 100th form is processed. United Mutual hasrecently acquired a smaller competitor that will add 800new forms per week to its clerical pool. If an employeeworks six hours per day (excluding breaks, meals, and soon) per five-day week, how many employees would behired to absorb the extra workload?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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The United Mutual and Accident Insurance Company has a
large pool of clerical employees who process insurance
application forms on networked computers. When the
company hires a new clerical employee, it takes that person
about 48 minutes to process a form. The learning curve for
this job is 88%, but no additional learning will take place
after about the 100th form is processed. United Mutual has
recently acquired a smaller competitor that will add 800
new forms per week to its clerical pool. If an employee
works six hours per day (excluding breaks, meals, and so
on) per five-day week, how many employees would be
hired to absorb the extra workload?
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