Ch 3 Mini-project.docx

# Ch 3 Mini-project.docx - A couple is trying to settle a...

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A couple is trying to settle a contentious divorce. They assign their 100 points as possible. Sandra Kenny Home 20 30 Summer Cottage 15 10 Retirement Acct 50 40 Investments 10 10 Other 5 10 In the initial allocation Kenny gets his way on the house and the other things and Carol gets Summer Cottage, Retirement Acct. that means Kenny has 40 points and Sandra has 65 points. Kenny gets investments, which gets him up to 50 points now. 50 + 40p = 15 + 50(1-p) Solving for p we get 90p = 15 p = 15/90 = 1/6 Sandra Kenny Point ratio Home 20 30 30/20 = 1.5 Summer Cottage 15 10 15/10 = 1.5 Retirement Acct 50 40 50/40 = 1.25 Investments 10 10 10/10=1 Other 5 10 10/5=2 Thus, Kenny should get 1/6 of the retirement account and Sandra should get the remaining 5/6.

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