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Save & Exit Help Saved Chapter 3 Quiz Forecasting Problem 3-23 3. Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four should

Save & Exit Help Saved Chapter 3 Quiz - Forecasting Problem 3-23 3. 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: 5. points y= 167 -0.30x where eBook y= Insurance needed ($000) X= Current age of head of household b. Use the equation to determine the amount of term life insurance to recommend for a family of four if the head of the household is 57 years old. (Round your answer to 2 decimal places. Omit the "$" sign in your response.) References Amount of term life insurance %24 thousands

Aug 28 2020 View more View Less

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