Problem: Many companies utilize life expectancy data to calculate items such as life insurance premiums or...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Problem: Many companies utilize life expectancy data to calculate items such as life insurance premiums or retirement benefits. The IRS is no exception. Use the data in the following table to answer the questions below. IRS Life Expectancy Table Current Age 20 32 Number of Additional years expected to live 65 53.4 (Source: irs.gov) 1. The data given in the table is (approximately) linear. Define your variables and find a linear function that fits the data for the ages given. Write your answer in slope-intercept form. 2. Graph the function and be sure to label the axes. Discuss the meaning of the slope and y- intercept. What do these numbers refer to in terms of life expectancy? 3. Using the function you wrote, calculate the number of additional years that a 72 year-old person can expect to live. Does your graph reflect this? 4. What is the result of adding together the x and y coordinates of any ordered pair in this situation? Problem: Many companies utilize life expectancy data to calculate items such as life insurance premiums or retirement benefits. The IRS is no exception. Use the data in the following table to answer the questions below. IRS Life Expectancy Table Current Age 20 32 Number of Additional years expected to live 65 53.4 (Source: irs.gov) 1. The data given in the table is (approximately) linear. Define your variables and find a linear function that fits the data for the ages given. Write your answer in slope-intercept form. 2. Graph the function and be sure to label the axes. Discuss the meaning of the slope and y- intercept. What do these numbers refer to in terms of life expectancy? 3. Using the function you wrote, calculate the number of additional years that a 72 year-old person can expect to live. Does your graph reflect this? 4. What is the result of adding together the x and y coordinates of any ordered pair in this situation?
Expert Answer:
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
Students also viewed these mathematics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
List three specific parts of the Case Guide, Objectives and Strategy Section (See below) that you had the most difficulty understanding. Describe your current understanding of these parts. Provide...
-
How many of the following could be valid JDBC URL formats for an imaginary driver named magic and a database named box? A. Only first B. Only second C. Only third D. first and second E. first and...
-
What factors are important in deciding whether a pending lawsuit should be reported as a liability on the balance sheet?
-
The potential difference across the filament of a lamp is maintained at a constant level while equilibrium temperature is being reached. It is observed that the steady-state current in the lamp is...
-
An instructor administers a 27 -item quiz to her class of 25 students. Each student's score on the quiz is the number of items answered correctly. These scores are listed below: a. Construct a...
-
Professor Patricia (Patty) Pa^te is retired from the Palm Springs Culinary Arts Academy (PSCAA). She is a single taxpayer and is 68 years old. Patty lives at 98 Colander Street, Henderson, NV 89052....
-
panel = Drawing Panel (160, 160) for i in range (0, 10): panel.draw rectangle (20, 20 + 100 10 * 1, 10 i, 10) Write variations of the above program that draw the figures at the lower right as output....
-
Assistant police chief Todd Beck wants to analyze the citys historic crime data in order to better allocate police resources in the future. He collects data over the past two years. Each record in...
-
The authors feel subsidies destroy wealth because a) subsidies move assets from lower- to higher- valued uses b) subsidies move assets from higher- to lower- valued uses c) subsidies help producers...
-
Cash Surplus for the first month is 0, the second month is 15,000,000 and the third month is 35,000,000. QUESTION Determine whether the company requires additional financing or has excess cash...
-
It takes the same amount of time to double all three accounts ($100, $200, $500). All three accounts take 13.863 to double. What can we determine about the starting amount and doubling time?
-
Internal auditors at Henry Flower's Flower Shop are undertaking a comprehensive review to determine if the company has complied with privacy regulations regarding customer data. In the Control...
-
The cost to submit a bid is $300,000, so communities must be diligent in determining whether or not to bid. Prior to bidding, what would a host community undertake to make sure that benefits will...
-
ZB Company determined one of its customers, Toys R Us, has gone bankrupt and will be unable to pay their account off of $1,000. ZB Company uses the Allowance Method in their accounting. What is the...
-
Dyce plc have been producing board games for many years. They are investigating buying a new machine that will significantly reduce the time taken to manufacture each game. The new machinery is...
-
Express mass density in kg/m3 and weight density in lb/ft3. 1. Find the mass density of a chunk of rock of mass 215 g that displaces a volume of 75.0 cm3 of water. 2. A block of wood is 55.9 in. x...
-
Ann hires a nanny to watch her two children while she works at a local hospital. She pays the 19-year-old nanny $125 per week for 48 weeks during the current year. a. What is the employer's portion...
-
Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the...
-
Bea Jones (age 32) moved from Texas to Florida in December 2011. She lives at 654 Ocean Way, Gulfport, FL 33707. Bea's Social Security number is 466-78-7359 and she is single. Her earnings and income...
-
After successful stretches at Target and Apple, it seemed as though Ron Johnson was a master marketer. But things went sour quickly after JC Penney hired him as its CEO. Johnsons attempt to reinvent...
-
One of the main fears that retail startups have is if they will be able to compete against Walmart, Home Depot, and the other big-box stores. This is a legitimate fear. Big-box stores continue to...
-
Influencer marketing is a type of marketing where companies partner with influencers, who have a significant following on social media platforms, to promote their products or services. Influencers...
Study smarter with the SolutionInn App