Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
14th Edition
ISBN: 9780134677972
Author: Barnett
Publisher: PEARSON
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Textbook Question
Chapter 6.4, Problem 44E
In Problems 39-47, construct a mathematical model in the form of a linear programming problem. Do not solve.
Investment strategy. Refer to Problem 43. Suppose the investor decides that she would like to minimize the total risk factor, as long as her return does not fall below
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First Securities, Inc., an investment firm, has $380,000 on account. The chief investment officer would like to reinvest the $380,000 in a portfolio that would maximize return on investment while at the same time maintaining a relatively conservative mix of stocks and bonds. The following table shows the investment opportunities and rates of return.
Investment Opportunity
Rate of Return
Municipal Bonds (X1)
0.095
High Tech Stock (X2)
0.146
Blue Chip Stock (X3)
0.075
Federal Bonds (X4)
0.070
a) The Board of Directors has mandated that at least 60 percent of the investment consist of a combination of municipal and federal bonds, at least 25 percent Blue Chip Stock, no more than 30 percent High Tech and Blue Chip Stock, and no more than 15 percent High Tech Stock.
Based on above problem, how many constraints are in this problem?
A) 3
B) 4
C) 5
D) 2
b) Based on part a, which of the…
A real estate company, Peterson & Johnson, discusses five potential development projects.The following table shows the estimated long-term earnings (net present value) that each project would generate and the investment required to undertake it, in millions of dollars.Company owners Dave Peterson and Ron Johnson raised $20 million in investment capital for these projects. They want to choose the mix of projects that maximizesthe total estimated long-term profit (net present value) without investing more than $20 million.
a) Formulate a PEB model for this problem.
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Chapter 6 Solutions
Finite Mathematics for Business, Economics, Life Sciences and Social Sciences
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...
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...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 - Problems 9-12 refer to the system...Ch. 6.1 - Problems 9-12 refer to the system...Ch. 6.1 - Problems 9-12 refer to the system...Ch. 6.1 - Problems 9-12 refer to the system...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - In Problems 13-20, write the e-system obtained via...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 21-30 refer to the table below of the six...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - Problems 31-40 refer to the partially completed...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 41-48, convert the given i-system to...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - In Problems 49-54, graph the system of...Ch. 6.1 - For a standard maximization problem in standard...Ch. 6.1 - For a standard maximization problem in standard...Ch. 6.1 - If 5x1+4x21,000 is one of the problem constraints...Ch. 6.1 - If a1x1+a2x2b is one of the problem constraints in...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 59-66, solve the given linear...Ch. 6.1 - In Problems 67-70, explain why the linear...Ch. 6.1 - In Problems 67-70, explain why the linear...Ch. 6.1 - In Problems 67-70, explain why the linear...Ch. 6.1 - In Problems 67-70, explain why the linear...Ch. 6.1 - In Problems 71-72, explain why the linear...Ch. 6.1 - In Problems 71-72, explain why the linear...Ch. 6.1 - A linear programming problem has four decision...Ch. 6.1 - A linear programming problem has five decision...Ch. 6.1 - A linear programming problem has 30 decision...Ch. 6.1 - A linear programming problem has 40 decision...Ch. 6.2 - Graph the feasible region for the linear...Ch. 6.2 - Solve the following linear programming problem...Ch. 6.2 - Solve using the simplex method:...Ch. 6.2 - Repeat Example 3 modified as follows:Ch. 6.2 - For the simplex tableau in Problems 1-4, (A)...Ch. 6.2 - For the simplex tableau in Problems 1-4, (A)...Ch. 6.2 - For the simplex tableau in Problems 1-4, (A)...Ch. 6.2 - For the simplex tableau in Problems 1-4, (A)...Ch. 6.2 - In Problems 5-8, find the pivot element, identify...Ch. 6.2 - In Problems 5-8, find the pivot element, identify...Ch. 6.2 - In Problems 5-8, find the pivot element, identify...Ch. 6.2 - In Problems 5-8, find the pivot element, identify...Ch. 6.2 - In Problems 9-12, (A) Using the slack variables,...Ch. 6.2 - In Problems 9-12, (A) Using the slack variables,...Ch. 6.2 - In Problems 9-12, (A) Using the slack variables,...Ch. 6.2 - In Problems 9-12, (A) Using the slack variables,...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - Solve the linear programming problems in Problems...Ch. 6.2 - In Problems 33 and 34, first solve the linear...Ch. 6.2 - In Problems 33 and 34, first solve the linear...Ch. 6.2 - Solve Problems 35 and 36 by the simplex method and...Ch. 6.2 - Solve Problems 35 and 36 by the simplex method and...Ch. 6.2 - In Problems 37-40, there is a tie for the choice...Ch. 6.2 - In Problems 37-40, there is a tie for the choice...Ch. 6.2 - In Problems 37-40, there is a tie for the choice...Ch. 6.2 - In Problems 37-40, there is a tie for the choice...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.2 - In Problems 41-56, construct a mathematical model...Ch. 6.3 - Excluding the nonnegative constraints, the...Ch. 6.3 - The simplex method can be used to solve any...Ch. 6.3 - Form the dual problem:...Ch. 6.3 - Solve the following minimization problem by...Ch. 6.3 - Solve the following minimization problem by...Ch. 6.3 - Repeat Example 4 if the shipping charge from plant...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 1-8, find the transpose of each...Ch. 6.3 - In Problems 9 and 10, (A) Form the dual problem....Ch. 6.3 - In Problems 9 and 10, (A) Form the dual problem....Ch. 6.3 - In Problems 11 and 12, a minimization problem, the...Ch. 6.3 - In Problems 11 and 12, a minimization problem, the...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - In Problems 13-20, (A) Form the dual problem. (B)...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - Solve the linear programming problems in Problem...Ch. 6.3 - A minimization problem has 4 variables and 2...Ch. 6.3 - A minimization problem has 3 variables and 5...Ch. 6.3 - If you want to solve a minimization problem by...Ch. 6.3 - If you want to solve a minimization problem by...Ch. 6.3 - In Problems 41 and 42, (A) Form the dual problem....Ch. 6.3 - In Problems 41 and 42, (A) Form the dual problem....Ch. 6.3 - In Problem 43 and 44, (A) Form an equivalent...Ch. 6.3 - In Problem 43 and 44, (A) Form an equivalent...Ch. 6.3 - Solve the linear programming problem in Problems...Ch. 6.3 - Solve the linear programming problem in Problems...Ch. 6.3 - Solve the linear programming problem in Problems...Ch. 6.3 - Solve the linear programming problem in Problems...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.3 - In Problems 49-58, construct a mathematical model...Ch. 6.4 - Repeat Example 1 for...Ch. 6.4 - Solve the following linear programming problem...Ch. 6.4 - Solve the following linear programming problem...Ch. 6.4 - Prob. 4MPCh. 6.4 - Suppose that the refinery in Example 5 has 35,000...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - In Problems 1-8, (A) Introduce slack, surplus, and...Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Use the big M method to solve Problems 9-22....Ch. 6.4 - Solve Problems 5 and 7 by graphing (the geometric...Ch. 6.4 - Solve Problems 6 and 8 by graphing (the geometric...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - Problems 25-32 are mixed. Some can be solved by...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 33-38, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6.4 - In Problems 39-47, construct a mathematical model...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - Problems 1-7 refer to the partially completed...Ch. 6 - A linear programming problem has 6 decision...Ch. 6 - Given the linear programming problem...Ch. 6 - How many basic variables and how many nonbasic...Ch. 6 - Find all basic solutions for the system in Problem...Ch. 6 - Write the simplex tableau for Problem 9, and...Ch. 6 - Solve Problem 9 using the simplex method.Ch. 6 - For the simplex tableau below, identify the basic...Ch. 6 - Find the basic solution for each tableau....Ch. 6 - Form the dual problem of...Ch. 6 - Write the initial system for the dual problem in...Ch. 6 - Write the first simplex tableau for the dual...Ch. 6 - Use the simplex method to find the optimal...Ch. 6 - Use the final simplex tableau from Problem 19 to...Ch. 6 - Solve the linear programming problem using the...Ch. 6 - Form the dual problem of the linear programming...Ch. 6 - Solve Problem 22 by applying the simplex method to...Ch. 6 - Solve the linear programming Problems 24 and...Ch. 6 - Solve the linear programming Problems 24 and...Ch. 6 - Solve the linear programming problem using the...Ch. 6 - Refer to Problem 26. How many pivot columns are...Ch. 6 - In problems 28 and 29, (A) Introduce slack,...Ch. 6 - In problems 28 and 29, (A) Introduce slack,...Ch. 6 - Find the modified problem for the following linear...Ch. 6 - Write a brief verbal description of the type of...Ch. 6 - Write a brief verbal description of the type of...Ch. 6 - Write a brief verbal description of the type of...Ch. 6 - Solve the following linear programming problem by...Ch. 6 - Solve by the dual problem method:...Ch. 6 - Solve Problem 35 by the big M method.Ch. 6 - Solve by the dual problem method:...Ch. 6 - In problems 38-41, construct a mathematical model...Ch. 6 - In problems 38-41, construct a mathematical model...Ch. 6 - In problems 38-41, construct a mathematical model...Ch. 6 - In problems 38-41, construct a mathematical model...
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