not use ai please A company is considering two insurance plans with the following types of coverage and premiums:Plan A Plan BFire/TheftLiability$24000 $34000$164000 $137000Monthly Premium$75$57Premiums are sold in units. For example, one can buy one unit of plan A insurance for $75.00 per month and receive $24,000.00 in Theft/Fire insurance. Two units ofplan A insurance cost $150.00 per month and give $48,000.00 in Theft/Fire insurance. The company wants at least $788,000.00 in coverage for Theft/Fire insuranceand $4,050,000.00 in coverage for liability insurance.How many units of each plan should be purchased to meet the needs of the company while minimizing cost?The company should purchase ☐ ununits of plan A andWhat is the minimum monthly premium for the company?units of plan B.(Note: your answer is a dollar amount and should include a dollar symbol).

To solve this question, we'll set up and solve a system of linear inequalities based on the…

Answered: A company is considering two insurance…

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...

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What is the total effect on the economy of a government tax rebate of $500 to each household in order to stimulate the economy if each household will spend of the rebate in goods and services?
Night Shades Inc. (NSI) manufactures biotech sunglasses. These sunglasses sell for $150 each, and cost $70 each to produce. Night Shades Inc. has fixed costs of $100,000. a. Calculate Night Shades' Breakeven point. b. how much profit (loss) will Night Shades have if it sells 500 sunglasses? 4,000 sunglasses? c. Night Shades' manager expects an operating profit of $200.000. How many sunglasses must be sold to attain this profit?
A Cake company uses 4,629 quart bottles of Chocolate sauce each year. The sauce costs 5 per bottle and is served only in full bottles for food safety purposes. The company's inventory manager calculated that each time an order is placed, it costs 13 and holding costs are 20 percent of the purchase price. Once the order is placed, it takes 3 weeks for an order to arrive. The company works for 47 weeks per year. The company is considering to use the inventory system techniques which minimizes the inventory cost. Assume that both, lead time and customer demand are variable. Customer demand's standard deviation 27 units per week and standard deviation for lead time = 1. Find out the safety stock needed to achieve 95% customer service level. =
Adirondack Savings Bank (ASB) has $1 million in new funds that must be allocated to home loans, personal loans, and automobile loans. The annual rates of return for the three types of loans are 5% for home loans, 13% for personal loans, and 7% for automobile loans. The bank's planning committee has decided that at least 40% of the new funds must be allocated to home loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 60% of the amount allocated to automobile loans. (a) Formulate a linear programming model that can be used to determine the amount of funds ASB should allocate to each type of loan to maximize the total annual return for the new funds. If the constant is "1" it must be entered in the box. If your answer is zero enter "0". Let H = amount allocated to home loans P = amount allocated to personal loans A = amount allocated to automobile loans Маx H + P + s.t. H + A 2 Minimum Home Loans P + AS Personal Loan…
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