In Avataria the main source of income is hunting. Avatarians have an option to i
ID: 1179885 • Letter: I
Question
In Avataria the main source of income is hunting. Avatarians have an option to
improve their hunting skills by training with the best hunters. Assume the following table describes
the returns from training in Avataria:
Return per year of
training
First 5 years of training 20%
Next 5 years of training 10%
Next 5 years of training 5 %
(a) Assume an avatarian with no training can catch 1 turkey per month. How many turkeys per
month can an avatarian with 5 years of training catch? With 8 years of training? With 10 years of
training? With 15 years of training?
(b) Assume there are 100 avatarians in the country. A half of them has 10 years of training, while the
other half has 15 years of training. What is the total number of turkeys caught by avatarians per
month? What share of these turkeys is caught as a result of
Explanation / Answer
Total Turkeys hunted /YEAR witout training =1*12 =12 turkey
So,try to make analogue with principal interest problem
Rate of Return=20%
Pricipal number of turkeys=12
Time=5 year
Final Number=Principal(1+rate)^time
For 5 years
Final Number=12(1+0.2)^5
=29.85
In whole nUMBER=30
For 8 years
Principal after 5 years =30
Rate of return =15%
time=3year,
Final Amount=30(1+0.15)^3
=45.62
In whole number = 46
For 10 years
Take principal equalts to after 5 years
Final =30(1+0.15)^5=60.2
WHole number =60
For 15 years
PRincipal equals that after 10 years
Final Number =60(1+0.10)^5
=96.63
In whole number =97
2nd PART
gIVEN : 100 avatarians in the country.
No. of turkeys caught by them /AVITARIAN after 10 years of training=60
No. of turkeys caught by 50 avitarian = 50*60 =3000
For 15 years of training,
No. of turkeys caught by them /AVITARIAN after 15 years of training=97
Number of turkeys caught by them = 50*97=4850
Total turkeys caught by 100 AVITARINAS in one month =3000+4850=7850
BY RAW SKILLS 1*100 TURKEYS WUD BE HUNTED
Therefore share of raw>/7850*100=1.28%
Finally share of human (