For the Function in This Problem, Find the Derivative, by Using

question 237

Multiple Choice

For the function in this problem, find the derivative, by using the definition. ​ ​

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Definitions:

Short-rate Refund

A return of a portion of the premium on an insurance policy that is canceled by the policyholder before its expiration, calculated at less than a pro-rata basis.

Premium Rate

The cost rate of insurance coverage per unit of coverage, reflecting the risk and administrative costs.

Coinsurance Clause

A provision in an insurance policy that defines the split of responsibility for payment between the insurer and the insured.

Short Rate

A penalty premium amount charged when an insurance policy is terminated by the policyholder before the end of its term.