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n individual wishes to invest $25000 in two types: Investment A yields 15%, and investment B yields 8%. Market research suggests an allocation of at least 35% in A and at most 45% in B. In addition, vestment in A should be at least twice the investment in B. Show the decision variables and the objective variable Show and name the constraints in standard form (suitable for using Excel) Solve the problem by using Excel. Do so and write a conclusion of your findings for the person.

n individual wishes to invest $25000 in two types: Investment A yields 15%, and investment B yields 8%. Market research suggests an allocation of at least 35% in A and at most 45% in B. In addition, vestment in A should be at least twice the investment in B. Show the decision variables and the objective variable Show and name the constraints in standard form (suitable for using Excel) Solve the problem by using Excel. Do so and write a conclusion of your findings for the person.

College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
12th Edition
ISBN:9781305652231
Author:R. David Gustafson, Jeff Hughes
Publisher:R. David Gustafson, Jeff Hughes
Chapter6: Linear Systems
Section6.8: Linear Programming
Problem 33E
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An individual wishes to invest $25000 in two types: Investment A yields 15%, and investment B yields 18%. Market research suggests an allocation of at least 35% in A and at most 45% in B. In addition, investment in A should be at least twice the investment in B. a) Show the decision variables and the objective variable Show and name the constraints in standard form (suitable for using Excel) Solve the problem by using Excel. Do so and write a conclusion of your findings for the c) d) person.
Transcribed Image Text:An individual wishes to invest $25000 in two types: Investment A yields 15%, and investment B yields 18%. Market research suggests an allocation of at least 35% in A and at most 45% in B. In addition, investment in A should be at least twice the investment in B. a) Show the decision variables and the objective variable Show and name the constraints in standard form (suitable for using Excel) Solve the problem by using Excel. Do so and write a conclusion of your findings for the c) d) person.
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