Answer:
Minimum value of function
is 63 occurs at point (3,6).
Step-by-step explanation:
To minimize :

Subject to constraints:

Eq (1) is in blue in figure attached and region satisfying (1) is on left of blue line
Eq (2) is in green in figure attached and region satisfying (2) is below the green line
Considering
, corresponding coordinates point to draw line are (0,9) and (9,0).
Eq (3) makes line in orange in figure attached and region satisfying (3) is above the orange line
Feasible region is in triangle ABC with common points A(0,9), B(3,9) and C(3,6)
Now calculate the value of function to be minimized at each of these points.

at A(0,9)

at B(3,9)

at C(3,6)

Minimum value of function
is 63 occurs at point C (3,6).
Answer:
No, equivalent quarterly rate will be approx 1.75%
Step-by-step explanation:
Given that Chan deposited money into his retirement account that is compounded annually at an interest rate of 7%.
We know that there are 4 quarters in 1 year.
So to find that equivalent quarterly we will divide given yearly rate by number of quarters.
That means divide 7% by 4.
which gives 1.75%.
But that is different than Chan's though of 2% quarterly interest.
Hence Chan is wrong.
Two tails on two coins, 1/4 chance
An even number on a die 3/6 or if simplified, 1/2.