Your Neighbor Goes to the Post Office Once a Month

question 43

Multiple Choice

Your neighbor goes to the post office once a month and picks up two checks,one for $18,000 and one for $4,000.The larger check takes 4 days to clear after it is deposited; the smaller one takes 6 days.Assume 30 days per month.What is the weighted average delay?

• A)4.21 days
• B)4.36 days
• C)4.78 days
• D)5.00 days
• E)6.00 days

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Definitions:

Trend Model

A statistical model that captures the underlying trend of a dataset by considering the long-term progression of data points.

Annual Time-Series

Data collected or recorded at regular intervals over a year, used in statistical analysis and forecasting.

Exponential Smoothing

A weighted moving average technique that applies decreasing weights to older data points, used for time-series data analysis.

Recent Data

Recent Data refers to the latest or most contemporary data available in a dataset, useful for making current analyses or predictions.