Finite Mathematics and Calculus with Applications (10th Edition)
10th Edition
ISBN: 9780321979407
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Textbook Question
Chapter 4.4, Problem 26E
Investments Deb Harden has decided to invest a $100,000 inheritance in government securities that earn 7% per year, municipal bonds that earn 6% per year, and mutual funds that earn an average of 10% per year. She will spend at least $40,000 on government securities, and she wants at least half the inheritance to go to bonds and mutual funds. Government securities have an initial fee of 2%, municipal bonds have an initial fee of 1%, and mutual funds have an initial fee of 3%. Deb has $2400 available to pay initial fees. How much should be invested in each way to maximize the interest yet meet the constraints? What is the maximum interest she can earn?
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Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates
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Minimum Home Loans
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Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of
loans are 6% for home loans, 10% for personal loans, and 11% for automobile loans. The bank's planning committee has decided that at least 40% of the new funds must be allocated to
home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans.
(a) Formulate a linear programming model that can be used to determine the amount of funds ASB should allocate to each type of loan to maximize the total annual return for the new
funds. If the constant is "1" it must be entered in the box. If your answer is zero enter "0".
Let H = amount allocated to home loans
P = amount allocated to personal loans
A = amount allocated to automobile loans
Max
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Personal
Automobile
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H +
H +
%
H +
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P +
P +
(b)…
Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of loans are 7% for home loans, 12% for personal loans, and 9% for automobile loans. The bank’s planning committee has decided that at least 40% of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans.
Assume that ASB has the original $1 million in new funds available and that the planning committee has agreed to relax the requirement that at least 40% of the new funds must be allocated to home loans by 1%. How much would the annual return change? How much would the annual percentage return change? Discuss. *
Chapter 4 Solutions
Finite Mathematics and Calculus with Applications (10th Edition)
Ch. 4.1 - Prob. 1YTCh. 4.1 - Prob. 2YTCh. 4.1 - Prob. 1ECh. 4.1 - Prob. 2ECh. 4.1 - Prob. 3ECh. 4.1 - Convert each inequality into an equation by adding...Ch. 4.1 - For Exercises 58, (a) determine the number of...Ch. 4.1 - Prob. 6ECh. 4.1 - Prob. 7ECh. 4.1 - Prob. 8E
Ch. 4.1 - Prob. 9ECh. 4.1 - Prob. 10ECh. 4.1 - Prob. 11ECh. 4.1 - Prob. 12ECh. 4.1 - Prob. 13ECh. 4.1 - Prob. 14ECh. 4.1 - Prob. 15ECh. 4.1 - Prob. 16ECh. 4.1 - Prob. 17ECh. 4.1 - Prob. 18ECh. 4.1 - Prob. 19ECh. 4.1 - Prob. 20ECh. 4.1 - Prob. 21ECh. 4.1 - Prob. 22ECh. 4.1 - Pivot once as indicated in each simplex tableau....Ch. 4.1 - Prob. 24ECh. 4.1 - Prob. 25ECh. 4.1 - Prob. 26ECh. 4.1 - Set up Exercises 2731 for solution by the simplex...Ch. 4.1 - Prob. 28ECh. 4.1 - Prob. 29ECh. 4.1 - Set up Exercises 2731 for solution by the simplex...Ch. 4.1 - Prob. 31ECh. 4.2 - Use the simplex method to solve the problem in...Ch. 4.2 - Pivot on the 4 in Example 2 and write the...Ch. 4.2 - Prob. 1WECh. 4.2 - Prob. 2WECh. 4.2 - Prob. 3WECh. 4.2 - Prob. 4WECh. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - In Exercises 16, the initial tableau of a linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use the simplex method to solve each linear...Ch. 4.2 - Use a graphing calculator, Excel, or other...Ch. 4.2 - Use a graphing calculator, Excel, or other...Ch. 4.2 - The simplex algorithm still works if an indicator...Ch. 4.2 - What goes wrong if a quotient other than the...Ch. 4.2 - Prob. 21ECh. 4.2 - Prob. 22ECh. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Set up and solve Exercises 2329 by the simplex...Ch. 4.2 - Profit A manufacturer makes two products, toy...Ch. 4.2 - Profit The Ball Company manufactures three types...Ch. 4.2 - Profit The Golden Hawk Manufacturing Company wants...Ch. 4.2 - Set up and solve Exercises 3540 by the simplex...Ch. 4.2 - Prob. 36ECh. 4.2 - Set up and solve Exercises 3540 by the simplex...Ch. 4.2 - Set up and solve Exercises 3540 by the simplex...Ch. 4.2 - Set up and solve Exercises 3540 by the simplex...Ch. 4.2 - Prob. 40ECh. 4.3 - Prob. 1YTCh. 4.3 - Prob. 2YTCh. 4.3 - Prob. 1WECh. 4.3 - Prob. 2WECh. 4.3 - Prob. 1ECh. 4.3 - Prob. 2ECh. 4.3 - Prob. 3ECh. 4.3 - Prob. 4ECh. 4.3 - Prob. 5ECh. 4.3 - Prob. 6ECh. 4.3 - Prob. 7ECh. 4.3 - Prob. 8ECh. 4.3 - Prob. 9ECh. 4.3 - Use the simplex method to solve. 10. Find y1 0...Ch. 4.3 - Use the simplex method to solve. 11. Find y1 0...Ch. 4.3 - Use the simplex method to solve. 12....Ch. 4.3 - Prob. 13ECh. 4.3 - Use the simplex method to solve. 14....Ch. 4.3 - Use the simplex method to solve. 15....Ch. 4.3 - Prob. 16ECh. 4.3 - Prob. 17ECh. 4.3 - Suppose the coefficient of 3 in the objective...Ch. 4.3 - Business and Economics 19. Production Costs A...Ch. 4.3 - Prob. 20ECh. 4.3 - Prob. 21ECh. 4.3 - In most examples of this section, the original...Ch. 4.3 - Prob. 23ECh. 4.3 - Business and Economics 24. Animal Food An animal...Ch. 4.3 - Prob. 25ECh. 4.3 - Prob. 26ECh. 4.3 - Prob. 27ECh. 4.3 - Prob. 28ECh. 4.3 - Prob. 29ECh. 4.4 - Prob. 1YTCh. 4.4 - Finish the missing steps in Example 2 and show the...Ch. 4.4 - Prob. 1ECh. 4.4 - Prob. 2ECh. 4.4 - Prob. 3ECh. 4.4 - Prob. 4ECh. 4.4 - Prob. 5ECh. 4.4 - Prob. 6ECh. 4.4 - Prob. 7ECh. 4.4 - Prob. 8ECh. 4.4 - Use the simplex method to solve. 9. Find x1 0 and...Ch. 4.4 - Prob. 10ECh. 4.4 - Use the simplex method to solve. 11. Find x1 0,...Ch. 4.4 - Prob. 12ECh. 4.4 - Prob. 13ECh. 4.4 - Prob. 14ECh. 4.4 - Prob. 15ECh. 4.4 - Prob. 16ECh. 4.4 - Solve using artificial variables. 17.Ch. 4.4 - Prob. 18ECh. 4.4 - Solve using artificial variables. 19.Ch. 4.4 - Solve using artificial variables. 20.Ch. 4.4 - Prob. 21ECh. 4.4 - Prob. 22ECh. 4.4 - Prob. 23ECh. 4.4 - Transportation Change Exercise 23 so that the two...Ch. 4.4 - Transportation The manufacturer of a popular...Ch. 4.4 - Investments Deb Harden has decided to invest a...Ch. 4.4 - Finance A bank has set aside a maximum of 25...Ch. 4.4 - Blending Seed Topgrade Turf lawn seed mixture...Ch. 4.4 - Blending Seed Change Exercise 28 so that the...Ch. 4.4 - Prob. 30ECh. 4.4 - Blending Chemicals Natural Brand plant food is...Ch. 4.4 - Prob. 32ECh. 4.4 - Calorie Expenditure Joe Veteres exercise regimen...Ch. 4 - CONCEPT CHECK Determine whether each of the...Ch. 4 - Prob. 2RECh. 4 - Prob. 3RECh. 4 - Prob. 4RECh. 4 - Prob. 5RECh. 4 - Prob. 6RECh. 4 - Prob. 7RECh. 4 - Prob. 8RECh. 4 - Prob. 9RECh. 4 - Prob. 10RECh. 4 - Prob. 11RECh. 4 - Prob. 12RECh. 4 - CONCEPT CHECK Determine whether each of the...Ch. 4 - CONCEPT CHECK Determine whether each of the...Ch. 4 - Prob. 15RECh. 4 - Prob. 16RECh. 4 - Prob. 17RECh. 4 - Prob. 18RECh. 4 - For each problem, (a) add slack variables or...Ch. 4 - For each problem, (a) add slack variables or...Ch. 4 - Use the simplex method to solve each maximization...Ch. 4 - Prob. 22RECh. 4 - Prob. 23RECh. 4 - Prob. 24RECh. 4 - Convert each problem into a maximization problem...Ch. 4 - Convert each problem into a maximization problem...Ch. 4 - Convert each problem into a maximization problem...Ch. 4 - Prob. 28RECh. 4 - Prob. 29RECh. 4 - Prob. 30RECh. 4 - Use the simplex method to solve each problem. (You...Ch. 4 - Prob. 32RECh. 4 - Prob. 33RECh. 4 - Prob. 34RECh. 4 - In solving a linear programming problem, you are...Ch. 4 - In Chapter 2 we wrote a system of linear equations...Ch. 4 - Prob. 37RECh. 4 - Prob. 38RECh. 4 - Prob. 39RECh. 4 - APPLICATIONS For Exercises 3740, (a) select...Ch. 4 - Solve Exercise 37. Business and Economics 37....Ch. 4 - Solve Exercise 38. Business and Economics 38....Ch. 4 - Solve Exercise 39. 39. Profit The Aged Wood Winery...Ch. 4 - Solve Exercise 40. 40. Production Costs Cauchy...Ch. 4 - Canning Cauchy Canners produces canned corn,...Ch. 4 - Food Cost A store sells two brands of snacks. A...Ch. 4 - Calorie Expenditure Gingers exercise regimen...
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