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Table 8-3 a Marketing Research Firm Would Like to Survey Undergraduate and Undergraduate

question 24

Multiple Choice

Table 8-3
A marketing research firm would like to survey undergraduate and graduate college students about whether or not they take out student loans for their education.There are different cost implications for the region of the country where the college is located and the type of degree.The survey cost table is provided below: The requirements for the survey are as follows:
1.The survey must have at least 1500 students
2.At least 400 graduate students
3.At least 100 graduate students should be from the West
4.No more than 500 undergraduate students should be from the East
5.At least 75 graduate students should be from the Central region
6.At least 300 students should be from the West
The marketing research firm would like to minimize the cost of the survey while meeting the requirements.Let X₁ = # of undergraduate students from the East region,X₂ = # of graduate students from the East region,X₃ = # of undergraduate students from the Central region,X₄ = # of graduate students from the Central region,X₅ = # of undergraduate students from the West region,and X₆ = # of graduate students from the West region.
-According to Table 8-3,what is the objective function?

Definitions:

Put Option

A put option is a financial contract that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Exercise Price

The predetermined price at which the holder of an option can buy (in case of a call option) or sell (in case of a put option) the underlying asset.

Stock Price

The cost of purchasing a share of a company, reflecting the market's valuation of the company's future earnings potential.

Standardized Options

Options that have been standardized by an options exchange, detailing the specific terms such as expiration date and strike price.