Portfolio manager Max Gaines needs to develop an investment portfolio for his clients who are willing to accept a moderate amount of risk. His task is to determine the proportion of the portfolio to invest in each of the five mutual funds listed below so that the portfolio provides an annual return of no less than 3%. Formulate the appropriate linear program.
Definitions:
Ethics
The study of what is right and wrong, encompassing moral principles that govern a person's behavior or the conducting of an activity.
Extra Mile
Going beyond what is required or expected in order to achieve excellence or demonstrate commitment.
Free Services
Services offered without charge to the recipient, often as part of a promotional, charitable, or business model.
Internal Customer
Employees or departments within an organization that rely on the support or services of another part of the organization to do their job effectively.
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