Full data set D Monthly Premium (S) The following table gives the monthly premiums for an...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Full data set D Monthly Premium (S) The following table gives the monthly premiums for an insurance policy on people of various ages. a. Find an exponential function that models the monthily premium as a function of age. b. Find the quadratic function that is the best fit for the data. c. Graph each function with the data points to determine which model is the better fit. Monthly Premium ($) 122 Age Age 35 60 989 40 173 65 1531 45 262 70 2878 50 397 75 5550 55 630 a. The exponential function that models the data is y = (Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.) b. The quadratic function that models the data isy = (Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.) c. Choose the correct graph of the data and exponential function below. O A. OB. AY 7000- Ay 7000- 7000- 30 B0 30 Choose the correct graph of the data and quadratic function below. O A. O B. Oc. Ay 7000- Ay 7000 7000- 30 30 The V function appears to be the better fit. Full data set D Monthly Premium (S) The following table gives the monthly premiums for an insurance policy on people of various ages. a. Find an exponential function that models the monthily premium as a function of age. b. Find the quadratic function that is the best fit for the data. c. Graph each function with the data points to determine which model is the better fit. Monthly Premium ($) 122 Age Age 35 60 989 40 173 65 1531 45 262 70 2878 50 397 75 5550 55 630 a. The exponential function that models the data is y = (Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.) b. The quadratic function that models the data isy = (Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.) c. Choose the correct graph of the data and exponential function below. O A. OB. AY 7000- Ay 7000- 7000- 30 B0 30 Choose the correct graph of the data and quadratic function below. O A. O B. Oc. Ay 7000- Ay 7000 7000- 30 30 The V function appears to be the better fit.
Expert Answer:
Related Book For
Money Banking and Financial Markets
ISBN: 978-0078021749
4th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
Posted Date:
Students also viewed these accounting questions
-
Find these functions. a. Find an exponential function that passes through the points (4, 18) and (10, 144). b. Find a logarithmic function that passes through the points (18, 4) and (144, 10)?
-
The following table gives selective data on nominal exchange rates, price levels, and real exchange rates for Country A and several other countries. Country A uses the dollar (A$) as its currency....
-
The following table gives information on the total money spent on different categories of products by all people in Canada during May 2011. The first column contains the category, and the second...
-
Determine the magnitude of the projection of the moment cause by the force about the a a axis. OKAY, SO I DONT UNDERSTAND HOW TO GET "R" BECAUSE THE FORCE IS MEASURED ON AN AXIS AND NOT A POINT OR...
-
Brant on Banking began operations on January 1, 2015. Brant on had the following transactions in its first year of business: January 4: Owners invested $ 400,000 (the par value of the stock) in...
-
The resistance y (in ohms) of 1000 feet of solid copper wire at 68 degrees Fahrenheit is y = 10,370 / x2 where x is the diameter of the wire in mils (0.001 inch). (a) Complete the table. (b) Use the...
-
Build a CAN bus monitoring system.
-
During late 2003, National Public Radio (NPR) announced a $200 million bequest from the estate of Joan B. Kroc. Mrs. Kroc, widow of McDonalds founder Ray A. Kroc, was a long-time supporter of public...
-
Give Effective and clear Introduction of the skill competency 21st Century Workplace Competencies ADAPTABILITY some key reasons/benefits of ADAPTABILITY some challenges/disadvantages of not...
-
During 2019, Jason and Vicki Hurting, who are married with two children and filing jointly, had the following tax information. Jason owns a cash-basis landscaping business, and Vicki works as a sales...
-
If Julie uses her roommate Rhonda's school internet account to do research for her term paper rather than her own account, has she committed a crime? What if the account is linked to Rhonda's account...
-
What is the basis and holding period of nontaxable stock rights?
-
What special tax treatment is available for subdividers of real estate?
-
What is Section 1244 stock? What are its advantages?
-
Why would a state want to characterize a business as a unitary business?
-
East Co. redeemed Oscar's stock. Oscar received $20,000 for all the shares he owned. His adjusted basis in the shares was $24,000. Can either party recognize a loss on the redemption?
-
Question 1 (1 mark) Which statement is NOT true about NoSQL databases? (a) MongoDB is an example of NoSQL databases (b) Document-based databases support data schema and constraints similarly to RDBMS...
-
Access the Federation of Tax Administrators Internet site at www. taxadmin.org/state-tax-forms and indicate the titles of the following state tax forms and publications: a. Minnesota Form M-100 b....
-
As you read the business news, you come across an advertisement for a bond mutual fund a fund that pools the investments from a large number of people and then purchases bonds, giving the...
-
In the wake of the financial crisis of 2007-2009, negative connotations often surrounded the term mortgage-backed security. What arguments could you make to convince someone that they may have...
-
For each of the following actions, identify whether the method of risk assessment motivating your action is due to the value at risk or the standard deviation of an underlying probability...
-
In what way are glaciers like dirty snowballs?
-
Distinguish between mechanical and chemical weathering.
-
Name an environment where wind shapes the landscape to a significant degree.
Study smarter with the SolutionInn App