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Your neighbor goes to the post office once a month and picks up two checks, one for $ 1 7 , 0 0 0 and
Your neighbor goes to the post office once a month and picks up two checks, one for $ and one for $ The larger check takes days to clear after it is deposited; the smaller one takes days. Assume 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?
c What is the weighted average delay?
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