Question: Problem 3-23 Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should

Problem 3-23 Long-Life Insurance has developed a
Problem 3-23 Long-Life 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: y 157 -0.50x where y Insurance needed (5000) x 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 47 years old. (Round your answer to 2 decimal places. Omit the "S" sign in your response.) Amount of term life insurance thousands

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