An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of these portfolios is summarized in the following table: Risk High Moderate Low A 6 3 1 Portfolio B 1 2 5 C 3 3 3 A client wants 165 blocks of high-risk stock, 132 blocks of moderate-risk stock, and 138 blocks of low- risk stock. Use the matrix operations to find how many of each portfolio should be suggested.
An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of these portfolios is summarized in the following table: Risk High Moderate Low A 6 3 1 Portfolio B 1 2 5 C 3 3 3 A client wants 165 blocks of high-risk stock, 132 blocks of moderate-risk stock, and 138 blocks of low- risk stock. Use the matrix operations to find how many of each portfolio should be suggested.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter6: Matrices And Determinants
Section: Chapter Questions
Problem 3T
Related questions
Question
Use the matrix operations to find how many of each portfolio should be suggested.
Transcribed Image Text:An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in
each of these portfolios is summarized in the following table:
Risk
High
Moderate
Low
A
6
3
1
Portfolio
B
1
2
5
C
3
3
3
A client wants 165 blocks of high-risk stock, 132 blocks of moderate-risk stock, and 138 blocks of low-
risk stock. Use the matrix operations to find how many of each portfolio should be suggested.
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