Long-life insurance has developed a linear model

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Reference no: EM131632111

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: 850 .1 yx 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.

Reference no: EM131632111

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