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5. An insurance company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk
5. An insurance company is introducing two new product lines: special risk insurance and mortgages. The expected profit is $5 per unit on special risk insurance and $2 per unit on mortgages. The management wishes to establish sales quotas for the new product lines to maximize total expected prot. The work requirements are as follows: Underwriting Administration Claims a. Formulate a linear programming model for this problem. b. Use the graphical method to solve this model. c. Use Excel solver to solve this problem {include a copy of the software analysis]
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