Choose the One Alternative That Best Completes the Statement or Answers

question 239

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A life insurance company uses the following rate table for annual premiums for women for term life insurance. Use a graphing utility to fit an exponential function to the data. Predict the annual premium for a woman aged 70 years.
$\begin{array}{l|lllllll}\text { Age } & 35 & 40 & 45 & 50 & 55 & 60 & 65 \\\hline \text { Premium } & \$ 103 & \$ 133 & \$ 190 & \$ 255 & \$ 360 & \$ 503 & \$ 818\end{array}$

• A) \(y = 0.0000398 x ^ { 4.06 } , \$ 1233\)
• B) \(y = 8.94 \mathrm { e } ^ { 0.068 x , } \$ 1044\)
• C) \(y = 6.367 \mathrm { e } ^ { 0.068 \mathrm { x } } , \$ 743\)
• D) \(y = - 9306.4 + 2516.3 \ln ( x ) , \$ 1723\)

Comprehend the fundamental principles of evolutionary theory and their application to human and animal behavior.

Recognize the interplay between culture and biology in human dietary practices and choices.

Identify the social, economic, and psychological aspects of money and its influence on human behavior.

Understand the concepts of social systems and their impact on human interaction and societal organization.

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Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price over a specified period of time.

Law Of Demand

A fundamental economic principle stating that, all else being equal, as the price of a good or service decreases, consumer demand for it will increase, and vice versa.

Price

The quantity of currency projected, called for, or dispensed as remuneration for something.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price in a specific period.