Solve the Problem. -The Function F(t)= Models the U.S. Population in Millions

question 16

Multiple Choice

Solve the problem.
-The function f(t) = models the U.S. population in millions, ages 65 and older, where trepresents years after 1990. The function models the total yearly cost ofMedicare in billions of dollars, where t represents years after 1990. What does the function represent?Find

• A)Cost per person in thousands of dollars. $11.54 thousand
• B)Cost per person in thousands of dollars. $0.17 thousand
• C)Cost per person in thousands of dollars. $0.09 thousand
• D)Cost per person in thousands of dollars. $10.61 thousand

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Definitions:

Annual Interest Rate

The percentage of the principal that is paid as interest to the lender over the course of one year, not accounting for compounding.

Value at Risk (VaR)

Measure of downside risk. The loss that will be incurred in the event of an extreme adverse price change with some given, typically low, probability.

Standard Deviation

A statistical measurement that sheds light on historical volatility.

Upper Partial Standard Deviation

A statistical measure focusing on the variability of an investment's returns above the mean, used to assess the risk of higher-than-average returns.