Determine amount of term life insurance recommended


Long-life insurance has developed a linear model that it uses to determine the amount of term life insurance a family or four should have, based on the current age of the head of household. The equation is

y=150 -.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 recommended for a family of four if the head of household is 30 years old.

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Operation Management: Determine amount of term life insurance recommended
Reference No:- TGS082384

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