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Juanita earned a B.S. in engineering and went to work for a large defense contractor in a small town in California. When the government cut spending, Juanita and 99 others were laid off. The only other business in the town is growing grapes to be made into raisins, but the growers refuse to hire laid-off engineers, knowing they will leave at the first opportunity. The unemployment Juanita is experiencing is:
Weighted Average Delay
implies the average time delay in a process or system, adjusted for the importance or frequency of each delay component.
Collection Delay
The time lapse between when a payment is made by a customer and when the funds become available to the recipient company.
Average Amount
The mean sum of a group of numbers, calculated by dividing the total by the quantity of numbers.
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