Solved

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.
 Age 35404550556065 Premium $103$133$190$255$360$503$818\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=0.0000398x4.06,$1233y = 0.0000398 x ^ { 4.06 } , \$ 1233
B) y=8.94e0.068x,$1044y = 8.94 \mathrm { e } ^ { 0.068 x , } \$ 1044
C) y=6.367e0.068x,$743y = 6.367 \mathrm { e } ^ { 0.068 \mathrm { x } } , \$ 743
D) y=9306.4+2516.3ln(x) ,$1723y = - 9306.4 + 2516.3 \ln ( x ) , \$ 1723

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions