1. Assume that in January 2013, the average house price in a particular area was $277,400. In January 2001, the average price was $194,300. What was the annual increase in selling price?
2. Sports ‘N More mails out 5 checks per month. These checks average $811, $416, $6,420, $22,900, and $8,700. The three larger sized checks clear in 1.5 days while the two smaller checks clear in one day. What is the weighted average delay?
1.39 days
1.00 day
1.48 days
1.46 days
1.37 days