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You have $1,000,000 at your disposal. Your task is to decide how to allocate these funds between the two activities described above, mmittee of the
You have $1,000,000 at your disposal. Your task is to decide how to allocate these funds between the two activities described above, mmittee of the engineering department has conducted basic analyses and concluded that a reasonable range for the cost of the preliminary testing is between $300,000 and $700,000, depending on the number of tests conducted. The committee also concluded that a reasonable range for the cost of hiring talented scientists is als between $300,000 and $700,000, depending on the number of scientists hired. It is entirely up to you to determine how to allocate the funds between the two activities as long as the sum of the funds allocated to the two activities equals $1,000,000. Please allocate your investment: Invest $ Invest $ in conducting preliminary tests. in hiring talented scientists.
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