Who Deposits the Checks into the Payee's Account When Those

question 23

Multiple Choice

Who deposits the checks into the payee's account when those checks are mailed to a traditional lockbox?

• A)Any postal employee
• B)A specially designated postal employee
• C)A bank employee
• D)The payee
• E)The payers

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Definitions:

σ

Represents the standard deviation of a population in statistics, measuring the dispersion of dataset values from the mean.

Normally Distributed

Refers to a probability distribution that is even on both sides of its mean, indicating that values close to the mean happen more often than values far from the mean.

Standard Deviation

Represents the extent to which values in a data set differ from the average value.

Weekly Earnings

The amount of money an individual earns from work in a typical week.