Write the Word or Phrase That Best Completes Each Statement

question 165

Essay

Write the word or phrase that best completes each statement or answers the question.
-A health shop owner made trail mix containing dried fruit, nuts, and carob chips. The dried fruit sells for$5.50 per pound, the nuts sell for $7.50 per pound, and the carob chips sell for $8.50 per pound. The shopowner mixed 50 pounds of the trail mix and sells it for $6.70 per pound. If the amount of nuts is fivepounds more than the amount of carob ships, how much of each item was used for the trail mix?

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Definitions:

Risk Free

An investment with a certain return, with no possibility of financial loss.

Utility of Wealth

The satisfaction or benefit derived by an individual from accumulating wealth.

Hurricane

A powerful tropical cyclone with heavy rain and winds exceeding 74 miles per hour, typically in the Atlantic Ocean region.

Expected Utility

The anticipated satisfaction or benefit derived from a risky decision or choice, calculated by considering all possible outcomes.