Final answer:
To calculate the FTY, subtract the incomplete applications and divide by the total number of applications sought. To calculate the RTY, multiply the FTY by the percentage of letters with incorrect information.
Step-by-step explanation:
To calculate the First Time Yield (FTY), we need to find the percentage of completed applications that were processed without any errors. To do this, we start with the total number of applications sought in March (643) and subtract the number of applications that were not able to complete the process due to the representative taking too long (3). This gives us 640 completed applications. Then, we subtract the number of applications that couldn't be passed to the second rep due to incomplete information (50), and the applications that didn't have complete information at first but later received it (45). This leaves us with 545 completed applications that were processed without any issues. Finally, we divide this number by the total number of applications to find the FTY: 545 / 643 = 0.848 or 84.8%.
To calculate the Rolled Throughput Yield (RTY), we need to find the percentage of applications that went through the entire process without any errors. We start with the FTY we calculated earlier (84.8%) and multiply it by the percentage of letters that included incorrect information (10%). This gives us 84.8% * (100% - 10%) = 76.32% or 0.7632. So, the RTY is 76.32%.