Examine this portion of Colleen’s budget chart for July, August, and September:

Let matrix C be a 6 x 3 matrix whose elements are the entries in the budget chart above.

a. What is the value of the element C_{3,3}?

b. What is the value of the element C_{2,1}?

c. What is the value of the element C_{6,2}?

d. Which element has a value of 100?

e. Which element has a value of 650?

f. What would happen to each of the elements in the matrix 2C?

g. Suppose matrix D was a 6 x 3 matrix each of whose elements are 80% of those in matrix C. What is matrix D?

Financial Algebra Advanced Algebra With Financial Applications

2nd Edition

Authors: Robert Gerver, Richard J. Sgroi

ISBN: 9781337271790

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