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Michael has decided to invest $40,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 percent. He has decided to invest no more than 30 percent of the total amount in Fund B and no more than 40 percent of the total amount in Fund C.
Formulate a linear programming model that can be used to determine the amount of investments Michael should allocate to each type of fund to maximize the total annual return.
How much should be allocated to each type of fund? What is the total annual return? Provide solver screenshot.
Determine the quantity of exercise books the university should order each time it makes an order in such a way as to minimise the total cost incurred.
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What do you think would be your biggest challenge in conducting research interviews. What could you do about this. The main challenge in conducting research interviews is maintaining decent standards.
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