Question: #26 graphing lenear inequalities or linear programmining: graphical method io nore tlan 8000 Investing in these two s, wants to obtain at least $800 in

#26 graphing lenear inequalities or linear programmining: graphical method

#26 graphing lenear inequalities or linear programmining: graphical method io nore tlan

io nore tlan 8000 Investing in these two s, wants to obtain at least $800 in annual revenue. Sally also wants to minimize her risk. Determine how many shares of each stock Sally should buy. (Data from: www.morningstar com as of May 2013.) 26. The Wells Fargo Advantage Growth A Fund sells at Finance $43 a share and has a 3-year average annual return of $7 per share. The risk measure of standard deviation is 17.4. The Nuveen Symphony Optimized Alpha Fund sells at $24 a share and has a 3-year average annual return of $3 a share. The risk measure of standard deviation is 13.0. Robert Cenni wants to spend no more than $75,000 investing in these two funds, but he wants to obtain at least $11,000 in annual revenue. Robert also wants to minimize his risk. Determine how many shares of each stock Robert should buy. (Data from: www.morningstar.com as of May 2013.) The importance of linear programming is shown by the inclusion of linear programming problems on most qualification examina- tions for Certified Public Accountants. Exercises 27-29 are re- printed from one such examination

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