Suppose that the solution of an investment problem involving a system of linear equations is given by
Question:
Suppose that the solution of an investment problem involving a system of linear equations is given by
B = 75,000 - 3H and E = 20,000 + 2H
where B represents the dollars invested in Barton Bank stocks, H is the dollars invested in Heath Healthcare stocks, and E is the dollars invested in Electronics Depot stocks.
(a) If $10,000 is invested in the Heath Healthcare stocks, how much is invested in the other two stocks?
(b) What is the dollar range that could be invested in the Heath Healthcare stocks?
(c) What is the minimum amount that could be invested in the Electronics Depot stocks? How much is invested in the other two stocks in this case?
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a H 10000 B 75000 310000 ...View the full answer
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Related Book For 
Mathematical Applications For The Management, Life And Social Sciences
ISBN: 9781337625340
12th Edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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