Debt payment Ace, Baker, and Champ are being purchased by ALCO, Inc., and their outstanding debts must be paid by the purchaser. The following matrix gives the amounts of debt in dollars and the terms for the companies being purchased.
If ALCO pays
Suppose ALCO decides to pay
Write a matrix gives the debts after these transactions are made.
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Chapter 3 Solutions
Mathematical Applications for the Management, Life, and Social Sciences
- Nutrition Refer to Exercise 61. Suppose food type C has been improperly labeled, and it actually contains 4 mg of folic acid, 6 mg of choline, and 5 mg of inositol per ounce. Would it still be possible to use matrix inversion to solve parts (b), (c), and (d) of Exercise 61? Why or why not?arrow_forwardAPPLICATIONS Fact-Food Sales A small fast-food chain with restaurants in Santa Monica, Lang Beach, and Anaheim sells only hamburgers, hot dogs, and milk shakes. On a certain day, sales were distributed according to the following matrix. Number of items sold Santa Monica Long Beach Anaheim Hamburgers Hot dogs Milk shakes [4000100035004003002007005009000] =A The price of each item is given by the following matrix. Hamburger Hot Dog Milk shake [0.900.801.10] =B a Calculate the product BA. b Interpret the entries in the product matrix BA.arrow_forwardFloral Design: A florist is creating 10 centerpieces. Roses cost $2.50 each, lilies cost $4 each, and irises cost $2 each. The customer has a budget of $300 allocated for the centerpieces and wants each centerpiece to contain 12 flowers, with twice as many roses as the number of irises and lilies combined. (a) Write a system of linear equations that represents the situation. Then write a matrix equation that corresponds to your system. (b) Solve your system of linear equations using an inverse matrix. Find the number of flowers of each type that the florist can use to create the 10 centerpieces.arrow_forward
- Agriculture A fruit grower raises two crops, apples and peaches. The grower ships each of these crops to three different outlets. In the matrix A=12510075100175125 aij represents the number of units of crop i that the grower ships to outlet j. The matrix B=3.506.00 represents the profit per unit. Find the product BA and state what each entry of the matrix represents.arrow_forward(a) Write the following system as a matrix equation AX=B . (b) The inverse of A is (c) The solution of the matrix equation is X=A1B . (d) The solution of the system is x = ____, y = ____.arrow_forward
- Elementary Linear Algebra (MindTap Course List)AlgebraISBN:9781305658004Author:Ron LarsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning