please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly You are trying to create a budget to optimize the use of a portion of your disposable income. You have a maximum of $1,500 permonth to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,000.The amount spent on shelter alone must not exceed $700. Entertainment cannot exceed $200 per month. Each dollar spent on foodhas a satisfaction value of 7, each dollar spent on shelter has a satisfaction value of 4, and each dollar spent on entertainment has asatisfaction value of 8.Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds. (Leave no cells blank - becertain to enter "O" wherever required. Round your answers to the nearest whole number.)Decision for FDecision for SDecision for ETotal SatisfactionTotal budget$ on food and shelter$ on shelter$ on entertainmentResourcesUsed

Part 2: ExplanationStep 1: Define the variablesLet F be the amount spent on foodLet S be the amount…

Answered: You are trying to create a budget to…

College Algebra

10th Edition

ISBN:9781337282291

Author:Ron Larson

Publisher:Ron Larson

Chapter1: Equations, Inequalities, And Mathematical Modeling

Section1.7: Linear Inequalities In One Variable

Problem 6ECP

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You are trying to create a budget to optimize the use of a portion of your disposable income.You have a maximum of $1,500 per month to be allocated to food, shelter, and entertainment. The amount spent on food and shelter combined must not exceed $1,000. The amount spent on shelter alone must not exceed $700. Entertainment cannot exceed $300 per month. Each dollar spent on food has a satisfaction value of 2, each dollar spent on shelter has a satisfaction value of 3, and each dollar spent on entertainment has a satisfaction value of 5. Assuming a linear relationship, use the Excel Solver to determine the optimal allocation of your funds.
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