a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.

b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.

8 0

4 years ago

A report by the US Geological Survey indicates that glaciers in Glacier National Park, Montana, are shrinking. Recent estimates

postnew [5]

Answer

a) C

b) B

c) C, E

d) 15.5

e) 0.7

f) 67.7

Step-by-step explanation

a) A linear equation can be written as $y=mx+c$ where $m$ is the slope and $c$ is the intercept on the $y$ -axis. The slope describes how $y$ changes when $x$ changes. A negative value means the it is a decreasing change. In our case, $y$ is $A$ and $x$ is $t$ . Thus, the slope of the equation is $m=-0.062$ . This means that the area of glacier is decreasing by $0.062 \text{km}{}^2 = 62000 \text{m}{}^2$ every year since 2000.

b) The $A$ -intercept (= 16.2 $\text{km}{}^2$ ) represents the area covered when $t=0$ . But $t=0$ starting from year 2000. This intercept then represents the area covered by glacier in the year 2000. Therefore, the area covered by glacier in 2000 was 16.2 $\text{km}{}^2$ .

c) $A=f(t)$ means the area covered after year 2000. Setting it to 12 means the area covered after $t$ years is 12 $\text{km}{}^2$ ). $t$ is therefore the number of years since 2000 that the total area covered will be 12 $\text{km}{}^2$ ).

d) $f(12)=16.2−0.062\times12 =16.2-0.744 = =15.456 15.5 \text{km}{}^2$ to 1 decimal place.

e) The term involving $t$ represents the disappearing area. In 12 years, the disappeared area is $0.062\times12=0.744 =0.7 \text{km}{}^2$ to 1 decimal place.

f) $f(t)=16.2−0.062t =12$

$0.062t = 16.2-12 = 4.2$

$t = \dfrac{4.2}{0.062}=67.7419\ldots =67.7$ years to 1 decimal place.

8 0

3 years ago