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:
Flexible Policy
An adaptable approach in decision-making processes or strategies that allows for adjustments based on changing circumstances.
Production Manager
An individual responsible for overseeing the production process, coordinating all activities related to the actual production of goods or services.
Accounts Receivable Balance
The sum total of money that customers are in debt to a company for its goods or services that have been utilized but not paid for.
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