Bavarian Brew Float Bavarian Brew Receives About 350 Checks a Day with an Day

question 86

Multiple Choice

Bavarian Brew Float
Bavarian Brew receives about 350 checks a day with an average check size of $550. Currently customer's payments spend 2 days in the mail. Once a check is received it takes about 1.5 days to process it and another 4 days to clear the banking system. The firm's opportunity cost is 10%. Assume a 365-day year.
-What is the availability float of Bavarian Brew?

• A) 2 days
• B) 4 days
• C) 7.5 days
• D) 1.5 days

Analyze and synthesize information from statistical experiments to make informed conclusions.

Understand the concept of hypothesis testing for the difference between two means.

Apply the t-test for independent samples to real-world data.

Interpret t-test results and make conclusions about population means.

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Definitions:

Capture Prey

The act or process by which an organism secures another organism for food.

Bilateral Symmetry

Having paired structures so the right and left halves of an object are mirror images.

Flatworms

A group of simple, soft-bodied invertebrate animals belonging to the phylum Platyhelminthes, characterized by their flat, bilaterally symmetrical bodies and lack of specialized respiratory and circulatory systems.

Cnidarians

A phylum of aquatic animals that includes jellyfish, corals, and sea anemones, characterized by a simple body structure with a single opening.