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Svet_ta [14]
3 years ago
6

A mutual fund manager must decide how much money to invest in Atlantic Oil (A) and how much to invest in Pacific Oil (P). At lea

st 60% of the money invested in the two oil companies must be in Pacific Oil. A correct modeling of this constraint is
Mathematics
1 answer:
xenn [34]3 years ago
5 0

Answer:

\frac{P}{A+P}\geqslant 0.6

Step-by-step explanation:

Amount of money to invest in Atlantic Oil= A

Amount of money to invest in Pacific Oil = P

Total money invested in the two oil companies = A+P

Since at least 60% of the money invested in the two oil companies must be in Pacific Oil

\frac{P}{A+P} \times 100\geqslant 60

\Rightarrow \frac{P}{A+P} \geqslant \frac{60}{100}

\Rightarrow \frac{P}{A+P}\geqslant 0.6

Hence the required model is \frac{P}{A+P}\geqslant 0.6

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