An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of these portfolios is summarized in the following table: Portfolio A High risk 6 B 1 C 3 Moderate risk 3 Low risk 2 4 2 2 2 A client wants 195 blocks of high-risk stock, 150 blocks of moderate-risk stock, and 190 blocks of low-risk stock. Use the matrix operations to find how many of each portfolio should be suggested.
An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of these portfolios is summarized in the following table: Portfolio A High risk 6 B 1 C 3 Moderate risk 3 Low risk 2 4 2 2 2 A client wants 195 blocks of high-risk stock, 150 blocks of moderate-risk stock, and 190 blocks of low-risk stock. Use the matrix operations to find how many of each portfolio should be suggested.
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter6: Matrices And Determinants
Section: Chapter Questions
Problem 1T
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Transcribed Image Text:An investment firm offers 3 stock portfolios, A, B, and C. The number of blocks of each type of stock in each of
these portfolios is summarized in the following table:
Portfolio
A
High risk
6
B
1
C
3
Moderate risk
3
Low risk
2
4
2
2
2
A client wants 195 blocks of high-risk stock, 150 blocks of moderate-risk stock, and 190 blocks of low-risk stock.
Use the matrix operations to find how many of each portfolio should be suggested.
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