The local university's Admissions' office has four steps required in the admissions process. Applications must be entered in the system, reviewed for accuracy, reviewed by the admissions team, and a letter of acceptance or rejection must be sent. To
provide timely feedback, each step has a time goal. Applications are entered in the system faster than the goal 94% of the time. The accuracy review is faster than the goal 98.5% of the time. The review team only beats the goal 88.4% of the time. The letter is issued faster than the goal 99% of the time. What is the timeliness of the process?
0.94 * 0.985 * 0.884 * 0.99 = 0.8103, or 81.03% of the time
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