Pearson eText for Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)

14th Edition

ISBN: 9780137553426

Author: Raymond Barnett, Michael Ziegler

Publisher: PEARSON+

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Chapter 6.2, Problem 43E

In Problems 41-56, construct a mathematical model in the form of a linear programming problem. (The answer in the back of the book for these application problems include the model.) Then solve the problem using the simplex method. Include an interpretation of any nonzero slack variables in the optimal solution.

Investment. An investor has at most $ 100 , 000 to invest in government bonds, mutual funds, and money market funds. The average yields for government bonds, mutual funds, and money market funds are 8 % , 13 % , and 15 % , respectively. The investor’s policy requires that the total amount invested in mutual and money market funds not exceed the amount invested in government bonds. How much should be invested in each type of investment in order to maximize the return? What is the maximum return?

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Chapter 6.2, Problem 42E

Chapter 6.2, Problem 44E

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(b) In various places in this module, data on the silver content of coins minted in the reign of the twelfth-century Byzantine king Manuel I Comnenus have been considered. The full dataset is in the Minitab file coins.mwx. The dataset includes, among others, the values of the silver content of nine coins from the first coinage (variable Coin1) and seven from the fourth coinage (variable Coin4) which was produced a number of years later. (For the purposes of this question, you can ignore the variables Coin2 and Coin3.) In particular, in Activity 8 and Exercise 2 of Computer Book B, it was argued that the silver contents in both the first and the fourth coinages can be assumed to be normally distributed. The question of interest is whether there were differences in the silver content of coins minted early and late in Manuel’s reign. You are about to investigate this question using a two-sample t-interval. (i) Using Minitab, find either the sample standard deviations of the two variables…

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Chapter 6 Solutions

Pearson eText for Finite Mathematics for Business, Economics, Life Sciences, and Social Sciences -- Instant Access (Pearson+)

Ch. 6.1 - The following linear programming problem has only...Ch. 6.1 - Use the table method to solve the following linear...Ch. 6.1 - Use the table method to solve the following linear...Ch. 6.1 - Refer to Example 1. Find the basic solution for...Ch. 6.1 - Construct the table of basic solutions and use it...Ch. 6.1 - Construct the table of basic solutions and use it...Ch. 6.1 - Refer to Table 5. For the basic solution...Ch. 6.1 - In Problems 1-8, evaluate the expression. (If...Ch. 6.1 - In Problems 1-8, evaluate the expression. (If...Ch. 6.1 - In Problems 1-8, evaluate the expression. (If...

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