The price of a staff ticket and the price of a student ticket is $8 and $14
Given:
Day 1:
Number of staff tickets sold = 3
Number of students tickets sold = 1
Total revenue day 1 = $38
Day 2:
<em>Number of staff tickets sold</em> = 3
<em>Number of students tickets sold</em> = 2
<em>Total revenue day</em> 2 = $52
let
<em>cost of staff tickets</em> = x
<em>cost of students tickets</em> = y
The equation:
<em>3x + y = 38 (1)</em>
<em>3x + y = 38 (1)3x + 2y = 52 (2)</em>
subtract (1) from (2)
2y - y = 52 - 38
y = 14
substitute y = 14 into (1)
3x + y = 38 (1)
3x + 14 = 38
3x = 38 - 14
3x = 24
x = 24/3
x = 8
Therefore,
cost of staff tickets = x
= $8
cost of students tickets = y
= $14
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Answer:
3
Step-by-step explanation:
15 divided by 5 equals 3.
W/4 divide the two to find the quotient
Answer:
y = 0.80
Step-by-step explanation:
Given:
- The expected rate of return for risky portfolio E(r_p) = 0.18
- The T-bill rate is r_f = 0.08
Find:
Investing proportion y of the total investment budget so that the overall portfolio will have an expected rate of return of 16%.
What is the proportion y?
Solution:
- The proportion y is a fraction of expected risky portfolio and the left-over for the T-bill compliance. Usually we see a major proportion is for risky portfolio as follows:
E(r_c) = y*E(r_p) + (1 - y)*r_f
y*E(r_p) + (1 - y)*r_f = 0.16
- Re-arrange for proportion y:
y = ( 0.16 - r_f ) / (E(r_p) - r_f)
- Plug in values:
y = ( 0.16 - 0.08 ) / (0.18 - 0.08)
y = 0.80
- Hence, we see that 80% of the total investment budget becomes a part of risky portfolio returns.
