The application of science and research to human life and environments is called?

Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four sh

jolli1 [7]

Answer:

$y=160.9$

Explanation:

<u>Linear Modeling</u>

Models are an important part of the study of a variety of natural phenomena in a great number of fields like science, health, business, human behavior, economics, among many others.

Once a model is determined, it can be used to estimate future values of important variables which in turn can help people to make decisions.

It has been determined a model that relates the amount of term life insurance a family of four should have with the current age of the head of the household. That model is

$y=165-0.1x$

we are required to estimate the amount of term life insurance to recommend to a family of four when the head of the household is x=41 years old. Let's plug in the given value in the equation

$y=165-0.1\cdot 41=165-4.1=160.9$

$\boxed{y=160.9}$

7 0

2 years ago

g An investor wants to be able to buy 4% more goods and services in the future in order to induce her to invest today. During th

Hitman42 [59]

Answer: a. I, II and III are true

Explanation:

From the question, the statements that are true are:

I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.

III. 2% is the expected inflation rate over the period.

4% is the desired real rate of interest because that's the rate at which the investor is willing to buy the goods in future.

2% is the expected inflation rate over the period because at that rate, there's expectation of future rise in price while 6% is the approximate nominal rate of interest required which is the addition of the 4% and the 2%.

7 0

2 years ago

Personal Finance<br> What is a motive?

AleksAgata [21]

Motive is the reason behind the demand which in most cases is either money or quality

8 0

2 years ago

Checking account A charges a monthly service fee of $20 and a wire transfer fee of $3, while checking account B charges a monthl

natali 33 [55]

the answer should be
D. 10

3 0

2 years ago