Answer:
Somewhere between three months and six months of basic living expenses in your emergency fund.
Average Monthly Expenses
$1,000.00
Existing Liquid Savings (Excluding Retirement)
$2,500.00
Easy: Three months, Average: Six months, Difficult: Nine months, Very Difficult: 12 months
Step-by-step explanation:
Although I cannot find any model or solver, we can proceed to model the optimization problem from the information given.
the problem is to maximize profit.
let desk be x
and chairs be y
400x+250y=P (maximize)
4x+3y<2000 (constraints)
according to restrictions y=2x
let us substitute y=2x in the constraints we have
4x+3(2x)<2000
4x+6x<2000
10x<2000
x<200
so with restriction, if the desk is 200 then chairs should be at least 2 times the desk
y=2x
y=200*2
y=400
we now have to substitute x=200 and y=400 in the expression for profit maximization we have
400x+250y=P (maximize)
80000+100000=P
180000=P
P=$180,000
the profit is $180,000
To isolate m, we'll multiply both sides by 8.
We go from m/8 < 4 to m < 32
This describes any number smaller than 32. We aren't including 32 itself, so we have an <u>open circle</u> at 32 on the number line. The <u>shading is to the left</u> since everything to the left of 32 is smaller than 32.
