**Investment Decision Problem****Overview:**- **Fund A:** - Price: $33 per share - 3-year average annual return: $3 per share - Standard deviation (risk measure): 17.1- **Fund B:** - Price: $46 per share - 3-year average annual return: $8 per share - Standard deviation (risk measure): 13.3**Objective:**Sally Burkhart aims to invest in Funds A and B with the following goals:1. Spend no more than $7,000.2. Obtain at least $800 in annual revenue.3. Minimize her risk.**Determine:**The number of shares Sally should buy for each fund to meet her objectives.**Solution:**- Sally should buy [___] shares of Fund A and [___] shares of Fund B.- *(Round to the nearest whole number as needed.)*

Given- Fund A Fund B Availability Price per share $33 $46 $7000 Average annual return $3…

Answered: Fund A sells at $33 a share and has a…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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The Family income is normally distributed with an average of 25000$ and a standard deviation of 10000$. If the poverty level is $10,000, what percentage of the population lives in poverty? Select one: a. None of the mentioned answers is correct b. A little under 10% of the population lives in poverty. C. A little under 5% of the population lives in poverty. d. A little under 7% of the population lives in poverty. V The correct answer is: A little under 7% of the population lives in poverty.
One year consumers spent an average of $24 on a meal at a resturant. Assume that the amount spent on a resturant meal is normally distributed and that the standard deviation is $3. Complete parts (a) through (c) below.
how do i solve for parts A-D?
Answer a & b.
Sofia wants to determine the average household expenditure on lawn care products per year. She believes that the standard deviation is 19.2. She wants to be 95% confident. How many people does she need to ask for a margin of error of $2.50? Round the answer as you should for this type of problem.(Don't worry if Canvas adds extra zeros after the decimal.)
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Accrotime is a manufacturer of watches. Accotime researchers have shown that watches hwe an average life of 28 months before certain electronic components deteriorate causing the watch to become unreliable. The standard deviation of watch lifetimes is 5 months and the distribution is noemal. If Accrotime guarantees a full refund of any defective watch for 1.5 years after the purchase, what percentage of total production will the company expect to replace? Write your answer as a percentage rounded to 1 decimal place. For the toolbar, Press ALT+F10 (PC) or ALT+FN+F10 OMCA) 0 WOAOS POWEASD BY TINY
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PLS. Solve Quickly Applications Problems According to a Sallie Mae survey and credit bureau data, in 2008, college students carried an average of $3173 debt on their credit cards (USA TODAY, April 13, 2009). Suppose that cur- rent credit card debts for all college students have a normal distribution with a mean of $3173 and a standard deviation of $800. Find the probability that credit card debt for a randomly se- lected college student is between $2109 and $3605.

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