PLEASE HELP TEST TOMORROW!! An insurance company charges a 35 year old an annual premium of $118 for a $100,000 term life insurance policy. The premiums for a 45 y/o and 55 y/o are $218 and $563. Write a quadratic model for the premium p as a function of age a.

Question

anonymous · Answer

Age   Premium
35     118
45     218
55     563


If you plot these points you can then either use software like Microsoft Excel or your Graphing Calculator to find a quadratic model. How did your teacher show you how to make a model? Or how did you learn it?

anonymous · Answer

oh i see now. My teacher showed me on a graphing calculator i just completely forgot! Thanks!