PROBLEM 3A: Four friends go together to purchase some gold coins as an investment. The total needed is$10,000 for a set of 100 coins. They contribute their savings as indicated below. Because they don't havequite enough money in savings, Abe's Uncle Ed is asked to contribute the remainder. Apportion the coins byHamilton's method.DivisorPersonAbeBethChadDaveUncle EdTotalPersonAbeBethChadInvestment$3619$1859$2257$2010DaveUncle EdTotal$$10,000PROBLEM 3B: When the four friends get to the coin broker he mentions that there will be $50 in taxes thatthey hadn't accounted for. The friends empty their pockets and find Abe has $5, Beth has $16, Chad has $2,and Dave has $32. They pool their money and pay the taxes, with the extra $5 going back to Uncle Ed.Recalculate their apportionment of the 100 coins by Hamilton's method.Divisor =Investment$$3624$1875$2259$2042Quotas$10,050QuotasRatioWill Chad be upset? Explain why or why not.RatioInitialApportionmentIs there a paradox exhibited here? If so, which one?FinalApportionmentInitialApportionmentFinalApportionment

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PROBLEM 3A: Four friends go together to purchase some gold coins as an investment. The total needed is $10,000 for a set of 100 coins. They contribute their savings as indicated below. Because they don't have quite enough money in savings, Abe's Uncle Ed is asked to contribute the remainder. Apportion the coins by Hamilton's method. Divisor = Person Abe Beth Chad Dave Uncle Ed Total Investment $3619 $1859 $2257 $2010 $ $10,000 Quotas Ratio Initial Apportionment Final Apportionment