sub= 24 help You have $1,000 to invest and are considering buying some combination of the shares of two companies, Donkeylnc and Elephantinc.Shares of Donkeylnc will pay a return of 12 percent if the Democrats are elected, an event you believe to have a 40 percentprobability: otherwise the shares pay a zero return. Shares of Elephantinc will pay 10 percent if the Republicans are elected (aprobability of 60 percent), zero otherwise. Either the Democrats or the Republicans will be elected.Instructions: Enter your response as percentage rounded to one decimal place.a. If your only concern is maximizing your average expected return, with no regard for risk, you should invest your $1,000 inElephantinc. vand your expected return will be %.b. What is your expected return if you invest $500 in each stock? (Hint: Consider what your return will be if the Democrats win and ifthe Republicans win, then weight each outcome by the probability that event occurs.)Instructions: Enter your response as percentage rounded to two decimal places.Expected rate of return:%c. The strategy of investing $500 in each stock does not give the highest possible average expected return. You would:• choose it anyway because the lower return is compensated by this strategy being less risky, as you receive a reasonablereturn no matter which party wins.O not choose it because a less risky strategy cannot compensate for a lower expected return.O not choose it because you should always choose the strategy with the highest average expected return.O choose it anyway because this strategy guarantees the same return regardless of which party wins.d. Devise an investment strategy that is riskless, that is, one in which the return on your $1,000 does not depend at all on which partywins.Instructions: Enter your responses rounded to two decimal places.You should invest $in Elephantinc and $in Donkeylnc.e. Using the investment strategy devised in part d, you will earn% regardless of which party wins.

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College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter7: Systems Of Equations And Inequalities

Section7.2: Systems Of Linear Equations: Three Variables

Problem 61SE: Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one...

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Last year, at Haven's Pond Car Dealership, for a particular model of BMW, Jeep, and Toyota, one could purchase all three cars for a total of $140,000. This year, due to inflation, the same cars would cost $151,830. The cost of the BMW increased by 8%, the Jeep by 5%, and the Toyota by 12%. If the price of last year's Jeep was $7,000 less than the price of last year's BMW, what was the price of each of the three cars last year?
Kenneth currently sells suits for company A at a salary of $22,000 plus a $10 commission for each suit sold. Company B offers him a position with a salary of $28,000 plus a $4 commission for each suit sold. How many suits would Kenneth need to sell for the options to be equal?
You have $95,000 you would like to invest in three different stocks: MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $12,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd. and Garretts Spaghetti House combined. If MarkyB Inc. earns 19% annual interest, JohnJohn Ltd. earns 11% annual interest, and Garretts Spaghetti House earns 6% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned? You should invest $ into MarkyB Inc., $ into JohnJohn Ltd., and $ into Garretts Spaghetti House, which will give you give you maximum annual interest $
A pharmacist is managing inventory of an over-the-counter (OTC) product. Over the past 30 days, the pharmacy has sold 18 bottles of the OTC product. A case of the OTC product contains 16 bottles. How many days should one case of this OTC product last if future sales follow the same pattern as past sales?
Each Friday afternoon, Xiang and Lin both hand out coupons on campus for discount meals at a restaurant located in downtown Iowa City. The restaurant pays Xiang and Lin for their services: Depending on the number of coupons redeemed (used) by customers, Xiang and Lin possibly earn either nothing, $20 (this happens on 20% of Fridays for Xiang and on 40% of Fridays for Lin), or $40 (this happens on 40% of Fridays for Xiang and on 20% of Fridays for Lin.) Xiang works east of the river and Lin works west of the river so their earnings are independent. Find Xiang's mean earnings per Friday.
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a local hardware store has a "savings wheel" at the checkout. Customers get to spin the wheel and, when the wheel stops, a pointer indicates how much they will save. the wheel can stop in any one of 50 sections. of the sections, 10 produce 0% off, 20 sections are for 10% off, 10 sections for 20%, 5 for 30%, 3 for 40% and 1 for 50% and 1 for 100%. Assuming that all 50 sections are equally likely. A. what is the probability that a customer's purchase will be free (100% off)? B. What is the probability that a customer will get no savings from the wheel (0% off)? C. what is the probability that a customer will get at least 20% off? Must show work/equations used.
Alphonse donates a fair amount of money to various charities each year. He wants to know that his money is actually going to do the charity work, though. Suppose that 90% of the charities that he donates to are probably reputable and 10% are probably not. Also, suppose that 80% of the money that goes to the real charities ends up actually being used for the charity work, while 20% goes to administrative costs. If he donates the same amount to each charity, then what percent probably goes to actual charity work? 72| % SUBMIT ANSWER O ASK FOR HELP TURN IT IN to search 344 111 80 Y U D H. V
dvisor estimates that the money-market fund will return 5% over the next year, the blue-chip fund 9%, and the high-tech fund 16%. Jason wants a total of first-year return of $4000. To avoid excessive risk, he decides to invest three times as much money in the money-market fund as in the high-tech stock fund. How much should he invest in each fund? 4. Let A=5, -31 -2 3 a. Find the inverse of matrix A, if it exists. Write out all work. b. Use your answer from part a. to solve the system of linear equations below. (Note: You must use part a. in order to get full credit for this question.) 5x-3y 10 -2x+3y 15 %3D %3D DII DD F10 F7 F8
The inventor of a new game believes that the variable cost of producing the game is $1.95 per unit, and the fixed costs for a month are $8000. He sells the game to retailers for $5.00 each. Give the net profit or loss if the inventor makes and sells 150,000 games in a month. IF LOSS, enter NEGATIVE amount.
According to one study, the average monthly cell phone bill in a certain country is $70 (up 31% since 2009). If an 18-year old student with an average bill gives up his cell phone and each month invests the $70 he would have spent on his phone bill in a savings plan that averages a 4% annual return, how much will he have saved by the time he is 70? He will have saved $by the time heis 70. (Round to the nearest cent as needed.)
Some stores allow their customers to stack coupons or discounts. This means that customers can use two discount coupons on the same item. When this occurs, the store coupon or discount is applied first, then the manufacturer coupon or discount is applied second. Katelynn wants to purchase a pair of running sneakers that are supposed to sell for $129.99. The store is having a 25% off sale and Katelynn has a manufacturer coupon that saves $10.00 on a purchase of $80 or more. How much would these shoes cost before tax? A. $32.50 B. $92.49 C. $119.99 D. $87.49

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