Question: I need the answer to this problem but I also need help figuring out how to make the graph on excel. 23. Long-Life Insurance has
I need the answer to this problem but I also need help figuring out how to make the graph on excel.
23. Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four Page 132 should have, based on the current age of the head of the household. The equation is: y-850-.1x where y-Insurance needed ($000) X-Current age of head of household a. Plot the relationship on a graph. b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 30 years old
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