A Summer Camp Wants to Hire Counselors and Aides to Fill

question 25

Multiple Choice

A summer camp wants to hire counselors and aides to fill its staffing needs at minimum cost.The average monthly salary of a counselor is $2400 and the average monthly salary of an aide is $1100.The camp can accommodate up to 45 staff members and needs at least 30 to run properly.They must have at least 10 aides,and may have up to 3 aides for every 2 counselors.How many counselors and how many aides should the camp hire to minimize cost?

• A) 12 counselors and 18 aides
• B) 27 counselors and 18 aides
• C) 35 counselors and 10 aides
• D) 18 counselors and 12 aides

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Definitions:

Variance of Stock Returns

A measure of the spread between numbers in a data set, showing the degree of variation from the mean of stock returns.

High Variance

Referring to investments or processes that exhibit a wide dispersion of possible outcomes or returns, often indicating higher risk.

Risk-Adjusted Techniques

Financial analysis methods that modify the results of investments and projects to take their risk into account, aiming to provide a more accurate assessment of their potential returns or value.

Performance Measurement

The process of evaluating how effectively an investment or portfolio has performed, often compared to a benchmark.