5. Alissa Duerfeldt purchased a total of 376 shares stock this week. \( \frac{1}{8} \) of the shares purchased was stock i medical supplies, \( \frac{1}{2} \) of the shares purchased was stock a utility company, and \( \frac{3}{8} \) of the shares purchased w. stock in a pet food factory. What were the individu number of shares purchased in each of the thr stocks?
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Mind Expander
Alissa Duerfeldt made quite the investment this week! To break it down, first we calculate the shares from each category based on the fractions given. She bought \( \frac{1}{8} \) of her total in medical supplies: \( 376 \times \frac{1}{8} = 47 \) shares. For the utility company, it’s \( \frac{1}{2} \): \( 376 \times \frac{1}{2} = 188 \) shares. Lastly, the pet food factory, which is \( \frac{3}{8} \): \( 376 \times \frac{3}{8} = 141 \) shares. So, Alissa has 47 shares in medical supplies, 188 in utilities, and 141 in pet foods! Having a diverse portfolio like Alissa's is a savvy move! It not only spreads out the risk but allows her to venture into various industries. Stocks in medical supplies can be more stable during health crises, whereas utility stocks often provide dividends, and pet food companies tend to see steady demand. This blend can offer both growth potential and resilience in fluctuating markets, making it a smart strategy for both novice and seasoned investors!
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