Finite Mathematics (11th Edition)
11th Edition
ISBN: 9780321979438
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Textbook Question
Chapter 2.6, Problem 17E
Input-Output Open Model A primitive economy depends on two basic goods, yams and pork. Production of 1 bushel of yams requires 1/4 bushel of yams and 1/2 of a pig. To produce 1 pig requires 1/6 bushel of yams. Find the amount of each commodity that should be produced to get the following.
(a) 1 bushel of yams and 1 pig
(b) 100 bushels of yams and 70 pigs
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Morningstar tracks the total return for a large number of mutual funds. The following table shows the total return and the number of funds for four categories of mutual funds.
Click on the datafile logo to reference the data.
DATA file
Type of Fund
Domestic Equity
Number of Funds
Total Return (%)
9191
4.65
International Equity
2621
18.15
Hybrid
1419
2900
11.36
6.75
Specialty Stock
a. Using the number of funds as weights, compute the weighted average total return for these mutual funds. (to 2 decimals)
%
b. Is there any difficulty associated with using the "number of funds" as the weights in computing the weighted average total return in part (a)? Discuss. What else might be used for weights?
The input in the box below will not be graded, but may be reviewed and considered by your instructor.
c. Suppose you invested $10,000 in this group of mutual funds and diversified the investment by placing $2000 in Domestic Equity funds, $4000 in International Equity funds, $3000 in Specialty Stock…
The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to
Maturity
20
Dollar Value
($ millions)
20
12
30
7
10
5
6
15
10
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
days
Chapter 2 Solutions
Finite Mathematics (11th Edition)
Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 5ECh. 2.1 - Prob. 6ECh. 2.1 - Prob. 7ECh. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Prob. 9ECh. 2.1 - Prob. 10E
Ch. 2.1 -
Use the echelon method to solve each system of...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 15ECh. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 17ECh. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Use the echelon method to solve each system of two...Ch. 2.1 - Prob. 20ECh. 2.1 - An inconsistent system...Ch. 2.1 - Prob. 22ECh. 2.1 - Describe what a parameter is arid why it is used...Ch. 2.1 - In your own words, describe the echelon method as...Ch. 2.1 - Prob. 25ECh. 2.1 - Solve each system of equations. Let z be the...Ch. 2.1 - Solve each system of equations. Let z be the...Ch. 2.1 - Prob. 28ECh. 2.1 - Prob. 29ECh. 2.1 - For each of the following systems of equations in...Ch. 2.1 -
For each of the following systems of equations in...Ch. 2.1 - Prob. 32ECh. 2.1 - Prob. 33ECh. 2.1 - Prob. 34ECh. 2.1 -
Groceries If 20 lb of rice and 10 lb of potatoes...Ch. 2.1 -
36. Downloads Blake Allvine spent $35.97...Ch. 2.1 - Prob. 37ECh. 2.1 -
38. Sales An apparel shop sells skirts for $45...Ch. 2.1 - Prob. 39ECh. 2.1 -
40. Stock Lorri Morgan has $16,000 invested in...Ch. 2.1 - Banking A bank teller has a total of 70 bills in...Ch. 2.1 - Rug Cleaning Machines Kelly Karpet Kleaners sells...Ch. 2.1 - Prob. 43ECh. 2.1 - Prob. 44ECh. 2.1 - Prob. 45ECh. 2.1 - Prob. 46ECh. 2.1 - Prob. 47ECh. 2.1 -
48. Flight Time A flight leaves New York at 8...Ch. 2.1 -
49. The 24® Game The object of the 24 Game,...Ch. 2.2 -
Write the augmented matrix fur each system. Do...Ch. 2.2 -
Write the augmented matrix for each system. Do...Ch. 2.2 - Prob. 3ECh. 2.2 - Prob. 4ECh. 2.2 - Prob. 5ECh. 2.2 - Prob. 6ECh. 2.2 -
Write the system of equations associated with...Ch. 2.2 - Prob. 8ECh. 2.2 - Prob. 9ECh. 2.2 - Prob. 10ECh. 2.2 - Prob. 11ECh. 2.2 - Use the indicated row operations to change each...Ch. 2.2 - Prob. 13ECh. 2.2 - Prob. 14ECh. 2.2 - Prob. 15ECh. 2.2 - Prob. 16ECh. 2.2 - Prob. 17ECh. 2.2 - Prob. 18ECh. 2.2 - Prob. 19ECh. 2.2 - Prob. 20ECh. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 23ECh. 2.2 - Prob. 24ECh. 2.2 - Prob. 25ECh. 2.2 - Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 27ECh. 2.2 -
Use the Gauss-Jordan method to solve each system...Ch. 2.2 - Prob. 29ECh. 2.2 - Prob. 30ECh. 2.2 - Prob. 31ECh. 2.2 - Prob. 32ECh. 2.2 - Prob. 33ECh. 2.2 - Prob. 34ECh. 2.2 - Prob. 35ECh. 2.2 - Prob. 36ECh. 2.2 - Prob. 37ECh. 2.2 - Prob. 38ECh. 2.2 - Prob. 39ECh. 2.2 - Prob. 40ECh. 2.2 - Prob. 41ECh. 2.2 - Prob. 42ECh. 2.2 -
43. On National Public Radio, the "Weekend...Ch. 2.2 - Prob. 44ECh. 2.2 - Investments Katherine Chong invests $10,000...Ch. 2.2 -
46. Office Technology Pyro-Tech, Inc. is...Ch. 2.2 - Prob. 47ECh. 2.2 - Prob. 48ECh. 2.2 - Loans To get the necessary funds for a planned...Ch. 2.2 - Manufacturing Nadir, Inc. produces three models of...Ch. 2.2 -
51. Deliveries An electronics company produces...Ch. 2.2 - Tents L.L. Bean makes three sizes of Ultra Dome...Ch. 2.2 - Transportation A manufacturer purchases a part for...Ch. 2.2 - APPLY IT Transportation An auto manufacturer sends...Ch. 2.2 - Prob. 55ECh. 2.2 -
56. Packaging A company produces four...Ch. 2.2 - Prob. 57ECh. 2.2 - Animal Breeding An animal breeder can buy four...Ch. 2.2 - Prob. 59ECh. 2.2 - Prob. 60ECh. 2.2 - Prob. 61ECh. 2.2 - Prob. 62ECh. 2.2 - Prob. 63ECh. 2.2 - Prob. 64ECh. 2.2 -
65. Modeling War One of the factors that...Ch. 2.2 - Prob. 66ECh. 2.2 -
67. Baseball Ichiro Suzuki holds the American...Ch. 2.2 - Prob. 68ECh. 2.2 -
69. Toys One hundred toys are to be given out to...Ch. 2.2 - Prob. 70ECh. 2.2 - Prob. 71ECh. 2.2 - Prob. 72ECh. 2.2 - Prob. 73ECh. 2.3 - Prob. 1ECh. 2.3 - Prob. 2ECh. 2.3 - Prob. 3ECh. 2.3 - Prob. 4ECh. 2.3 - Decide whether each statement is true or false. If...Ch. 2.3 - Prob. 6ECh. 2.3 - Prob. 7ECh. 2.3 - Prob. 8ECh. 2.3 - Prob. 9ECh. 2.3 - Prob. 10ECh. 2.3 - Prob. 11ECh. 2.3 - Prob. 12ECh. 2.3 - Prob. 13ECh. 2.3 - Prob. 14ECh. 2.3 - Prob. 15ECh. 2.3 - Prob. 16ECh. 2.3 - Prob. 17ECh. 2.3 - Prob. 18ECh. 2.3 - Prob. 19ECh. 2.3 - Prob. 20ECh. 2.3 - Prob. 21ECh. 2.3 - Prob. 22ECh. 2.3 - Prob. 23ECh. 2.3 - Prob. 24ECh. 2.3 - Prob. 25ECh. 2.3 - Prob. 26ECh. 2.3 - Prob. 27ECh. 2.3 - Prob. 28ECh. 2.3 - Prob. 29ECh. 2.3 - Prob. 30ECh. 2.3 - Prob. 31ECh. 2.3 - Prob. 32ECh. 2.3 - For matrices X=[ xyzw] and 0=[ 0000], find the...Ch. 2.3 - Prob. 34ECh. 2.3 - Prob. 35ECh. 2.3 - Prob. 36ECh. 2.3 - Prob. 37ECh. 2.3 - Prob. 38ECh. 2.3 - Prob. 39ECh. 2.3 - Prob. 40ECh. 2.3 - Prob. 41ECh. 2.3 -
42. Trading Partners The table below gives, the...Ch. 2.3 - Prob. 43ECh. 2.3 - Prob. 44ECh. 2.3 - Testing Medication A drug company is testing 200...Ch. 2.3 - Prob. 46ECh. 2.3 - Prob. 47ECh. 2.3 - Prob. 48ECh. 2.3 - Prob. 49ECh. 2.3 - Prob. 50ECh. 2.4 - Let A=[ -2-403] and B=[ -6240]. Find each value....Ch. 2.4 - Prob. 2ECh. 2.4 - Prob. 3ECh. 2.4 - Prob. 4ECh. 2.4 - Prob. 5ECh. 2.4 -
Let and Find each value.
6. 7B– 3A
Ch. 2.4 - Prob. 7ECh. 2.4 - Prob. 8ECh. 2.4 - Prob. 9ECh. 2.4 - Prob. 10ECh. 2.4 - Prob. 11ECh. 2.4 - Prob. 12ECh. 2.4 - To find the product matrix AB, the number of...Ch. 2.4 - Prob. 14ECh. 2.4 - Prob. 15ECh. 2.4 - Prob. 16ECh. 2.4 - Prob. 17ECh. 2.4 - Prob. 18ECh. 2.4 -
Find each matrix product, if possible.
19.
Ch. 2.4 - Find each matrix product, if possible. [...Ch. 2.4 - Prob. 21ECh. 2.4 - Prob. 22ECh. 2.4 - Prob. 23ECh. 2.4 - Prob. 24ECh. 2.4 - Prob. 25ECh. 2.4 - Prob. 26ECh. 2.4 - Prob. 27ECh. 2.4 - Prob. 28ECh. 2.4 - Prob. 29ECh. 2.4 - Prob. 30ECh. 2.4 - Prob. 31ECh. 2.4 - Prob. 32ECh. 2.4 - Prob. 33ECh. 2.4 - Prob. 34ECh. 2.4 - Prob. 35ECh. 2.4 - Prob. 36ECh. 2.4 -
Given matrices
verify that the statements in...Ch. 2.4 - Prob. 38ECh. 2.4 - Prob. 39ECh. 2.4 - Prob. 40ECh. 2.4 - Prob. 41ECh. 2.4 - Prob. 42ECh. 2.4 - Use a computer or graphing calculator arid the...Ch. 2.4 - Prob. 44ECh. 2.4 - Prob. 45ECh. 2.4 - Prob. 46ECh. 2.4 - Prob. 47ECh. 2.4 - Prob. 48ECh. 2.4 - Prob. 49ECh. 2.4 - Prob. 50ECh. 2.4 - Prob. 51ECh. 2.4 - Prob. 52ECh. 2.4 - Prob. 53ECh. 2.4 - Prob. 54ECh. 2.4 - Prob. 55ECh. 2.4 - 56. Northern Spotted Owl Population In an attempt...Ch. 2.4 -
57. World Population The 2010 birth and death...Ch. 2.5 - Prob. 1ECh. 2.5 -
Decide whether the given matrices are inverses...Ch. 2.5 - Prob. 3ECh. 2.5 - Decide whether the given matrices are inverses of...Ch. 2.5 - Decide whether the given matrices are inverses of...Ch. 2.5 - Prob. 6ECh. 2.5 - Prob. 7ECh. 2.5 - Prob. 8ECh. 2.5 - Prob. 9ECh. 2.5 - Prob. 10ECh. 2.5 - Prob. 11ECh. 2.5 - Prob. 12ECh. 2.5 - Prob. 13ECh. 2.5 - Prob. 14ECh. 2.5 - Prob. 15ECh. 2.5 - Prob. 16ECh. 2.5 - Prob. 17ECh. 2.5 - Prob. 18ECh. 2.5 - Prob. 19ECh. 2.5 - Prob. 20ECh. 2.5 - Prob. 21ECh. 2.5 - Prob. 22ECh. 2.5 - Find the inverse, if it exists, for each matrix. [...Ch. 2.5 - Prob. 24ECh. 2.5 - Prob. 25ECh. 2.5 - Prob. 26ECh. 2.5 - Prob. 27ECh. 2.5 -
Solve each system of equations by using the...Ch. 2.5 -
Solve each system of equations by using the...Ch. 2.5 - Prob. 30ECh. 2.5 - Prob. 31ECh. 2.5 - Prob. 32ECh. 2.5 - Prob. 33ECh. 2.5 -
Solve each system of equations by using the...Ch. 2.5 -
Solve each system of equations by using the...Ch. 2.5 - Prob. 36ECh. 2.5 - Prob. 37ECh. 2.5 - Prob. 38ECh. 2.5 - Prob. 39ECh. 2.5 - Prob. 40ECh. 2.5 - Prob. 41ECh. 2.5 - Prob. 42ECh. 2.5 - Prob. 43ECh. 2.5 - Prob. 44ECh. 2.5 - Prob. 45ECh. 2.5 - Prob. 46ECh. 2.5 - Prob. 47ECh. 2.5 - Prob. 48ECh. 2.5 - Prob. 49ECh. 2.5 - Prob. 50ECh. 2.5 - Prob. 51ECh. 2.5 - Prob. 52ECh. 2.5 - Prob. 53ECh. 2.5 - Prob. 54ECh. 2.5 - Prob. 55ECh. 2.5 - Prob. 56ECh. 2.5 - Prob. 57ECh. 2.5 - Prob. 58ECh. 2.5 - Prob. 59ECh. 2.5 - Prob. 60ECh. 2.5 - Prob. 61ECh. 2.5 - Solve each exercise by using the inverse of the...Ch. 2.5 - Prob. 63ECh. 2.5 -
Solve each exercise by using the inverse of the...Ch. 2.5 - Prob. 65ECh. 2.5 -
Solve each exercise by using the inverse of the...Ch. 2.6 -
Find the production matrix for the following...Ch. 2.6 - Prob. 2ECh. 2.6 - Prob. 3ECh. 2.6 - Prob. 4ECh. 2.6 - Prob. 5ECh. 2.6 - Prob. 6ECh. 2.6 - Prob. 7ECh. 2.6 - Find the ratios of products A, B, and C using a...Ch. 2.6 - Prob. 9ECh. 2.6 - Use a graphing calculator or computer to find the...Ch. 2.6 - Prob. 11ECh. 2.6 -
Input-Output Open Model In Exercises 11 and 12,...Ch. 2.6 - Prob. 13ECh. 2.6 - Prob. 14ECh. 2.6 - Input-Output Open Model In Exercises 13-16, refer...Ch. 2.6 - Input-Output Open Model In Exercises 13- refer to...Ch. 2.6 - Input-Output Open Model A primitive economy...Ch. 2.6 - Prob. 18ECh. 2.6 - Prob. 19ECh. 2.6 - Prob. 20ECh. 2.6 -
21. Israeli Economy An analysis of the 1958...Ch. 2.6 -
22. Chinese Economy The 1981 Chinese economy can...Ch. 2.6 - Prob. 23ECh. 2.6 - Prob. 24ECh. 2.6 - Prob. 25ECh. 2.6 - Prob. 26ECh. 2.6 -
27. Input-Output Closed Model Use the...Ch. 2.6 - Input-Output Closed Model Suppose that production...Ch. 2.6 - Prob. 29ECh. 2 - Find the second-order contact matrix PQ mentioned...Ch. 2 - Prob. 2EACh. 2 - Prob. 3EACh. 2 - Prob. 4EACh. 2 - Prob. 5EACh. 2 - Prob. 1RECh. 2 - Determine whether each of the following statements...Ch. 2 - Prob. 3RECh. 2 - Prob. 4RECh. 2 - Prob. 5RECh. 2 - Prob. 6RECh. 2 - Prob. 7RECh. 2 - Prob. 8RECh. 2 - Prob. 9RECh. 2 - Prob. 10RECh. 2 - Prob. 11RECh. 2 - Prob. 12RECh. 2 - Prob. 13RECh. 2 - Prob. 14RECh. 2 - Prob. 15RECh. 2 - Prob. 16RECh. 2 - Prob. 17RECh. 2 - Prob. 18RECh. 2 -
Solve each system by the echelon method.
19. 2x -...Ch. 2 - Prob. 20RECh. 2 - Solve each system by the echelon method. 2x - 3y +...Ch. 2 - Prob. 22RECh. 2 - Prob. 23RECh. 2 - Prob. 24RECh. 2 - Prob. 25RECh. 2 - Prob. 26RECh. 2 - Prob. 27RECh. 2 - Prob. 28RECh. 2 - Prob. 29RECh. 2 - Prob. 30RECh. 2 - Prob. 31RECh. 2 - Prob. 32RECh. 2 - Prob. 33RECh. 2 - Prob. 34RECh. 2 - Prob. 35RECh. 2 - Prob. 36RECh. 2 - Prob. 37RECh. 2 - Prob. 38RECh. 2 - Prob. 39RECh. 2 - Given the matrices A=[ 4102369],B=[ 232240012],C=[...Ch. 2 - Prob. 41RECh. 2 - Prob. 42RECh. 2 - Prob. 43RECh. 2 - Prob. 44RECh. 2 - Prob. 45RECh. 2 - Prob. 46RECh. 2 - Prob. 47RECh. 2 - Prob. 48RECh. 2 - Prob. 49RECh. 2 - Prob. 50RECh. 2 - Prob. 51RECh. 2 - Find the inverse of each matrix that has an...Ch. 2 - Prob. 53RECh. 2 - Prob. 54RECh. 2 - Prob. 55RECh. 2 - Prob. 56RECh. 2 - Prob. 57RECh. 2 - Prob. 58RECh. 2 - Prob. 59RECh. 2 - Prob. 60RECh. 2 - Prob. 61RECh. 2 - Prob. 62RECh. 2 - Prob. 63RECh. 2 - Prob. 64RECh. 2 - Prob. 65RECh. 2 - Prob. 66RECh. 2 - Prob. 67RECh. 2 - Prob. 68RECh. 2 - Prob. 69RECh. 2 - Prob. 70RECh. 2 - Prob. 71RECh. 2 - Filling Orders A printer has three orders for...Ch. 2 -
73. Input-Output An economy depends on two...Ch. 2 -
74. Nebraska The 1970 economy of the state of...Ch. 2 - Prob. 75RECh. 2 - Prob. 76RECh. 2 - Prob. 77RECh. 2 - Prob. 78RECh. 2 - Prob. 79RECh. 2 - Prob. 80RECh. 2 - Prob. 81RECh. 2 - Prob. 82RECh. 2 - Prob. 83RECh. 2 -
84. Baseball In the 2009 Major League Baseball...Ch. 2 - Prob. 85RE
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