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Long life insurance has developed a linear

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Reference no: EM13913030

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:
y = 850 y .1x
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: EM13913030

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