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Alice goes to the post office once a month and picks up two checks, one for $14,000 and one for $4,000. The larger check takes

Alice goes to the post office once a month and picks up two checks, one for $14,000 and one for $4,000. The larger check takes 5 days to clear after it is deposited; the smaller one takes 3 days. Assume 30 days in a month.

a. What is the total float for the month?

b. What is the average daily float?

c. What are the average daily receipts and weighted average delay?

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