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