Investment A brokerage house offers three stock port- folios. Portfolio I consist of
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Chapter 3 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- How many ways can 4 men and 4 women stand in line if all the women are first?arrow_forwardOver the past year, John has purchased 30 books. In how many ways can he pick four of these books and arrange them, in order, on his nightstand bookshelf? In how many ways can he choose four of these books to take with him on his vacation at the shore?arrow_forwardYou have a 1000 USD in 1-dollar notes. You have 10 empty envelopes. Your task is to distribute the notes among the envelopes in such a way that should someone ask you for an amount between 1 and a 1000 USD, you will be able to provide it with a combination of envelopes. For example, you could be asked to provide 1, 17, 238, 987 – or any other amount between 1 and 1000. How will you split the notes?arrow_forward
- Benjamin owns a small Internet business. Besides himself, he employs nine other people. The salaries earned by the employees are given next in thousands of dollars (Benjamin’s salary is the largest, of course): 30, 30, 45, 50, 50, 50, 55, 55, 60, 75 As a second option, Benjamin can give each employee a bonus of 5% of his or her original salary. Add the bonuses under this second plan to the original salaries to create a new data set. Recalculate the range, population variance, and population standard deviation. How do they compare to the originals?arrow_forwardEvertight, a leading manufacturer of quality nails, produces 1-, 2-, 3-, 4-, and 5-inch nails for various uses. In the production process, if there is an over- run or the nails are slightly defective, they are placed in a common bin. Yesterday, 651 of the 1-inch nails, 243 of the 2-inch nails, 41 of the 3-inch nails, 451 of the 4-inch nails, and 333 of the 5-inch nails were placed in the bin. (a) What is the probability of reaching into the bin and getting a 4-inch nail? (b) What is the probability of getting a 5-inch nail? (d) If an application requires a nail that is 3 inches or 4 inches, what is the probability of getting a nail from the common bin that will satisfy this requirement? (e) If an application requires a nail that is 2 inches or longer, what is the probability of getting a nail from the common bin that will satisfy this requirement?arrow_forwardfull solutionmanualonlyarrow_forward
- A grocery store is holding a 10% discount promo for purchasing all items without certain conditions. Dona, Dini and Dina shop at the store. Dona y 2 kg of cooking oil, 5 kg of rice, and 2 kg of eggs, must pay IDR 133,200.00. Then Dini, who bought 1 kg of cooking oil, 3 kg of rice and 2 kg of eggs, had to pay IDR 97,200.00. Meanwhile, Dina, who bought 2 kg of cooking oil, 4 kg of rice and 1 kg of eggs, also had to pay eggs before the discount! IDR 97,200.00. Determine the price of 1 kg of cooking oil plus 1 kg of rice plus 1 kg of.. A. IDR 50,000.00 B. IDR 52,000.00 C. IDR 54,000.00 D. IDR 56,000.00 Please with an explanation! E. IDR 58,000.00arrow_forwardMr. Akram invested Rs. 55,000 in shares of two different companies A and B. Company announced a dividend of 6% and Company B of 8%. If the total income of the year received by Mr. Akram from these investments is. Rs. 3900, what were his investments in Companies A & B ?arrow_forwardIf a person selects 1 of each option , how many different options does she have?arrow_forward
- Worker1 makes $30 an hour, and worker2 makes $50,000 per year. Assuming they both work "9 to 5" type hours and with 2 weeks vacation a year. Who makes more money? A. Worker1 makes $40,000. So, worker2 makes more (by about $10,000). B. Worker1 makes $60,000. So, worker2 makes more (by about $10,000). C. Worker1 makes $60,000. So, worker1 makes more (by about $10,000). D. Worker1 makes $40,000. So, worker1 makes more (by about $10,000).arrow_forwardIf a patient had a PPO plan with a 500 dollar in network deductible, and a 90 percent coinsurance with a 1000 out of networks deductible and 70 percent co-insurance , how much would you pay for a 34,000 bill from an innetwork doctor.arrow_forwardjjackson10jayden and adeotegbeye each had some money at first. jjackson10jayden started spending $1.20 daily. After 15 days, adeotegbeye started spending 4/3 of what jjackson10jayden spent daily. When adeotegbeye spent all of his money, he had spent $11.60 more than jjackson10jayden. a) How many days did adeotegbeye take to spend all of his money? b) How much did jjackson10jayden spend in total when adeotegbeye spent all of his money?arrow_forward
- College AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege Algebra (MindTap Course List)AlgebraISBN:9781305652231Author:R. David Gustafson, Jeff HughesPublisher:Cengage Learning