Question: Problem 3 - 2 3 ( Algo ) Long - Life Insurance has developed a linear model that it uses to determine the amount of
Problem Algo
LongLife Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should have, based on the current age of the head of the household. The equation is:
where
Insurance needed $
Current age of head of household
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 years old. Round your answer to decimal places.
Amount of term life insurance
thousands
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