Exam 2: Systems of Linear Equations and Matrices
Exam 1: Straight Lines and Linear Functions268 Questions
Exam 2: Systems of Linear Equations and Matrices313 Questions
Exam 3: Linear Programming: a Geometric Approach214 Questions
Exam 4: Linear Programming: an Algebraic Approach115 Questions
Exam 5: Mathematics of Finance207 Questions
Exam 6: Sets and Counting196 Questions
Exam 7: Probability273 Questions
Exam 8: Probability Distributions and Statistics263 Questions
Exam 9: Markov Chains and the Theory of Games203 Questions
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Formulate but do not solve the problem.
The Johnson Farm has 500 acres of land allotted for cultivating corn and wheat. The cost of cultivating corn and wheat (including seeds and labor) is $43 and $22/acre, respectively. Jacob Johnson has $17,300 available for cultivating these crops. If he wishes to use all the allotted land and his entire budget for cultivating these two crops, how many acres of each crop should he plant? Let x be the number of acres allotted for cultivating corn.
(Multiple Choice)
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Formulate but do not solve the problem. Kelly Fisher has a total of $31,000 invested in two municipal bonds that have yields of $0.07% and $0.05% interest per year, respectively. If the interest Kelly receives from the bonds in a year is $1,790, how much does she have invested in each bond? Let x the bond with $0.07% interest per year.
(Multiple Choice)
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Matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met.

(Multiple Choice)
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Formulate but do not solve the problem.
A private investment club has $600,000 earmarked for investment in stocks. To arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high-risk, medium-risk, and low risk. Management estimates that high-risk stocks will have a rate of return of 15%/year; medium-risk stocks, 12%/year; and low risk stocks, 5%/year. The members have decides that the investment in medium-risk stocks should be equal to the sum of the investments in the stocks of the other two categories. Determine how much the club should invest in each type of stock if the investment goal is to have a return of $60,000/year on the total investment. (Assume that all the money available for investment is invested). Let x be the amount of money invested in high-risk stocks, y be the amount of money invested in medium-risk stocks, and z be the amount of money invested in low-risk stocks.
(Multiple Choice)
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Indicate whether the matrix is in row-reduced form. Answer yes or no. 

(Short Answer)
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Company TKK Corporation, a large conglomerate, has three subsidiaries engaged in producing raw rubber, manufacturing tires, and manufacturing other rubber-based goods. The production of 1 unit of raw rubber requires the consumption of 0.02 unit of rubber, 0.05 unit of tires, and 0.01 unit of other rubber-based goods. To produce 1 unit of tires requires 0.8 unit of raw rubber, 0.04 unit of tires, and 0 units of other rubber-based goods. To produce 1 unit of other rubber-based goods requires 0.3 unit of raw rubber, 0.02 unit of tires, and 0.07 unit of other rubber-based goods. Market research indicates that the demand for the following year will be $300 million for raw rubber, $500 million for tires, and $120 million for other rubber-based products. Suppose the demand for raw rubber increases by 10%, the demand for tires increases by 20%, and the demand for other rubber-based products decreases by 10%. Find the level of production for each subsidiary in order to satisfy this demand. Round the answers to the nearest tenth.
$ __________ million worth of raw rubber
$ __________ million worth of tires
$ __________ million worth of other rubber-based goods
(Short Answer)
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The manegement of Hartman Rent-A-Car has allocated $1,512,000 to purchase 60 new automobiles to add to the existing fleet of rental cars. The company will choose from compact, mid-sized, and full sized cars costing $18,000, $28,800, and $39,600 each, respectively. find formulas giving the options available to the company.
(Multiple Choice)
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Solve the system of linear equations using the Gauss-Jordan elimination method. 

(Multiple Choice)
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Matrix A is an input-output matrix associated with an economy, and matrix D (units in millions of dollars) is a demand vector. Find the final outputs of each industry so that the demands of both industry and the open sector are met.

(Multiple Choice)
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Determine the value of k for which the system of linear equations has no solution.

(Multiple Choice)
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A theater has a seating capacity of 750 and charges $2 for children, $4 for students, and $5 for adults. At a certain screening with full attendance, there were one-fourth as many adults as children and students combined. The receipts totaled $2,150. How many children attended the show?
__________ children
(Short Answer)
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Writing a matrix equation that is equivalent to the given system of linear equations, solve the system using the inverse matrix. 

(Multiple Choice)
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Find the inverse of the given matrix, if it exists. Verify your answer.

(Multiple Choice)
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Solve the system of linear equations using the Gauss-Jordan elimination method.




(Multiple Choice)
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A simple economy consists of two industries: agriculture and manufacturing. The production of 1 unit of agricultural products requires the consumption of 0.4 unit of agricultural products and 0.3 unit of manufactured goods. The production of 1 unit of manufactured products requires the consumption of 0.2 unit of agricultural products and 0.4 unit of manufactured goods.
Find the gross output of goods needed to satisfy a consumer demand for $100 million worth of agricultural products and $100 million worth of manufactured products. Round answers to two decimal places.
(Multiple Choice)
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