Solve the Problem A) $y = 0.0000398 x ^ { 4.06 } , \$ 1233$

question 94

Multiple Choice

Solve the problem.
-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) \(\mathrm { y } = 8.94 \mathrm { e } ^ { 0.068 \mathrm { x } } , \$ 1044\)
• C) \(y = 6.367 \mathrm { e } ^ { 0.068 x } , \$ 743\)
• D) \(y = - 9306.4 + 2516.3 \ln ( x ) , \$ 1723\)

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Definitions:

Third Party

An entity involved in a transaction or agreement who is not one of the principal parties.

Cooperative

An organization consisting of people who pool their resources to buy and sell more efficiently than they could individually.

Single-Owner

Pertains to a business that is exclusively owned by one individual who is responsible for its operations and liabilities.

Business Organization

An entity formed for the purpose of carrying out commercial enterprise, including options such as sole proprietorships, partnerships, and corporations.