Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which

A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses. The table shows the student's estimate of the relation between time spent studying each course and the grade for each course.

Hours of Study Economics Statistics Finance

0 50 42 56

1 62 54 68

2 71 64 76

3 79 72 82

4 85 80 87

5 88 84 90

6 90 87 93

7 92 89 95

Based on the above information, what is the maximum AVERAGE grade the student can earn if she studies 9 hours per week?

A. 80

B. 80.3

C. 82

D. 78.3

I need a detailed explanation of how to go about and get the 1. hours ratio and 2. the Avg grade

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

More Books

Students also viewed these Economics questions

Question

1. To generate a discussion on the concept of roles

Answered: 1 week ago

Question

6. What information processes operate in communication situations?

Answered: 1 week ago

Question

3. How can we use information and communication to generate trust?

Answered: 1 week ago