4 Points
1 answer:
Answer:
Step-by-step explanation:
One is given the following function (). The given problem asks one to find the output of the function when the input is (10). Keep in mind, a general rule for dealing with functions is that, when present, the variable (x) represents the input. Whereas the variable (y) represents the output. Thus, if one were to substitute (10) in place of (x), and simplify: the result one would get is the output. Apply this idea to the given scenario:
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Answer:
- A. $23
- B. 0.997359
Step-by-step explanation:
1. The policy rates in the table are for $25000 of insurance. Lydia wants $100,000 of insurance, which is 4 times the amount quoted in the table. Hence her premium will be 4 times the quoted premium. Her spot in the table is in the age 24–30 row and the Female Non-Smoker column. Lydia's premium will be 4×$3.50, or $14 per month.
She wants 2 times the amount quoted in the table ($50,000) of insurance for her spouse, so the premium will be 2 times that quoted in the table. His spot in the table is in the age Under 24 row and the Male Smoker column. The premium for his insurance will be 2×$4.50, or $9 per month.
The total of the two premiums will be $14 = 9 = $23 per month.
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2. The probability of living another year is the complement of the probability of dying. For a 35–44 year-old male, the probability of dying is 264.1/100,000, about 2.641×10^-3. The complement of that is ...
1 - 0.002641 = 0.997359
