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 least 60% of the money invested in the two oil compa…

Question

asked Apr 27, 2021 234k views

1 Answer

Fahad Rauf · Answer 1 · 2021-05-02T23:28:32+0000

Answer:

$(P)/(A+P)\geqslant 0.6$

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

$(P)/(A+P) * 100\geqslant 60$

$\Rightarrow (P)/(A+P) \geqslant (60)/(100)$

$\Rightarrow$
$(P)/(A+P)\geqslant 0.6$

Hence the required model is
$(P)/(A+P)\geqslant 0.6$