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The Caisse Populaire operates an ATM in the Petite-Nation, a rural area between Gatineau and Montreal. Its data indicates that there are approximately 160 cash
The Caisse Populaire operates an ATM in the Petite-Nation, a rural area between Gatineau and Montreal. Its data indicates that there are approximately 160 cash withdrawals per week, and that each withdrawal is for an average of $100. The Caisse estimates that it costs 10% to store cash in an ATM. They also estimate the cost of replenishing the machine to be $90. Use the CEQ model to estimate how much cash should be stored in the ATM at each replenishment. Assume 50 weeks in a year. Round your final result to zero decimal places
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