Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. The Enormous State University History Department offers three coursesAncient, Medieval, and Modern Historyand the chairperson is trying to decide how many sections of each

1. The Enormous State University History Department offers three coursesAncient, Medieval, and Modern Historyand the chairperson is trying to decide how many sections of each to offer this semester. The department is allowed to offer 45 sections total, there are 5,200 students who would like to take a course, and there are 61 professors to teach them. Sections of Ancient History have 100 students each, sections of Medieval History hold 50 students each, and sections of Modern History have 200 students each. Modern History sections are taught by a team of two professors, while Ancient and Medieval History need only one professor per section. How many sections of each course should the chair schedule in order to offer all the sections that they are allowed, accommodate all of the students, and give one teaching assignment to each professor? HINT [See Example 2.] (Assume each section has the maximum number of students allowed.)

Ancient History __ sections

Medieval History __ sections

Modern History __ sections

2. Inverse mutual funds, sometimes referred to as "bear market" or "short" funds, seek to deliver the opposite of the performance of the index or category they track, and can thus be used by traders to bet against the stock market. This question is based on the following table, which shows the performance of three such funds as of February 27, 2015.

Year-to-date Loss
SHPIX (Short Smallcap Profund) 4%
RYURX (Rydex Inverse S&P 500) 3%
RYCWX (Rydex Inverse Dow) 6%

You invested a total of $11,000 in the three funds at the beginning of 2015, including an equal amount in RYURX and RYCWX. Your year-to-date loss from the first two funds amounted to $290. How much did you invest in each of the three funds?

SHPIX $__

RYURX $__

RYCWX $__

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tax Preparation For Beginners The Easy Way To Prepare Reduce And File Taxes Yourself

Authors: Instafo , George Cohen

1st Edition

B0932JC71X, 979-8715436825

More Books

Students also viewed these Accounting questions