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Please solve for the answers please Y NOTES ASK YOUR TEACHER PRACTICE ANOTHER Formulate a linear programming problem that can be used to solve the

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Please solve for the answers please

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Y NOTES ASK YOUR TEACHER PRACTICE ANOTHER Formulate a linear programming problem that can be used to solve the following question. Suppose for an investment no more than $14,000 is placed in three mutual funds with annual returns of 5%, 6%, and 11%, respectively. The investor requires an annual return of at least $1050 and wishes to minimize the risk. The second mutual fund is twice as risky as the first, and the third is 4 times as risky as the first. How should the money be allocated to minimize the risk? Let risk = X1 + 2X2 + 4X3. X1 = amount of money in dollars invested in the first fund x2 = amount of money in dollars invested in the second fund x3 = amount of money in dollars invested in the third fund Minimize *1 + 2x2 + 4x3 (objective function) Subject to (dollars available) X (total investment return) X X1 2 V 0, X2 = 0, X3 = Additional Materials

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