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Your neighbor goes to the post office once a month and picks up two checks, one for $ 1 6 , 0 0 0 and

Your neighbor goes to the post office once a month and picks up two checks, one for $16,000 and one for $6,000. The larger check takes 3 days to clear after it is deposited; the smaller one takes 6 days. Assume 30 days per month.
What is the total float for the month?
Total float
What is the average daily float?
Average daily float
3a. What is the average daily
receipts?
Average daily receipts
3b. What is the weighted average delay?
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