Answer:
Yes the sales manager claims can be refuted based on the calculated percentages
Step-by-step explanation:
<u>From the table attached below </u>
Total number of customers = 200
<em>Calculated percentages</em><em> </em>
customers that prefer whole life insurance = 90 = 90/200 = 45%
customers that prefer universal life insurance = 15 = 15/200 = 7.5%
customers that prefer Annuities = 95 = 95/200 = 47.5
<em>Expected percentages:</em>
whole life = 20%
Universal life = 10%
Life Annuities = 70%
The recursive geometric sequence that models this situation is:
A geometric sequence is a sequence in which the result of the division of consecutive terms is always the same, called common ratio q.
It can be represented by a recursive sequence as follows:
With f(1) as the first term.
In this problem, the sequence is: 90.000: 81,000; 72,900; 65,610, hence:
Hence:
More can be learned about geometric sequences at brainly.com/question/11847927