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A person has $20,000 to invest in four possible opportunities. Each opportunity will accept investments in...

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Statistics

A person has $20,000 to invest in four possible opportunities.Each opportunity will accept investments in $1,000 units, but onlyafter the required minimum investment has been made.The minimumsare $2, $2, $3 and $4 thousand, respectively. How many investmentstrategies are possible if: (a) An investment must be made in eachopportunity? (b) Investment are made in at least threeopportunities?

Answer & Explanation Solved by verified expert
3.8 Ratings (676 Votes)
ALet x1x2x3x4 be the number of investments made in fouropportunitys1s2s3s4 be the minimal investment needed to be made in thex1x2x3x4 opportunity resps1 2s2 2s3 3s4 4 s1s2s3s4 11alsox1 x2 x3 x4    See Answer
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