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Cyco Cyco
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6 years ago
Ivana Miracle wishes to invest up to her full inheritance of $300,000, and her goal is to minimize her risk subject to an expected annual return of at least $30,000. She has decided to invest her money in any of three possible ways—CDs, which pay a guaranteed 6 percent; stocks, which have an expected return of 15 percent; and a money market mutual fund, which is expected to return 8 percent. Risk factors are 1.0 for the CDs, 3.6 for the stocks, and 1.8 for the money market fund. Formulate this as a linear program.
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Quantitative Analysis for Management

Quantitative Analysis for Management


Edition: 12th
Authors:
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TheBatTheBat
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Cyco Author
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6 years ago
Thank you, thank you, thank you!
rudy.zondo
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Yesterday
Just got PERFECT on my quiz
Fleury
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2 hours ago
This helped my grade so much Perfect
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