Discount Insurance provides motor vehicle insurance to its customers. The company is introducing a hew discount program for its customers. You have been hired by the insurance company to create a java application to calculate policy discounts for all customers. Not all customers are eligible for a discount. Only customers who have held a policy longer than 3 years are eligible. In addition, a customer must have a driver rating of "Excellent", "Above Average", or 'Average". Customers with a rating of "Below Average" are not eligible for a discount. The discount amount is calculated based on the driver's rating and percentages of current yearly premium as shown below: Rating Excellent Percent Discount 15% Above Average Average 10% 5% For example: A customer holding a policy for 5 years with an "Excellent" rating and current yearly premium of $450, will get a discount calculated as: 5450 * .15 = $67.50 Your goal is to create an application to allow a user (a company staff) to continually input customer data until the user has inputted all customers and has indicated they are finished entering customer data. One by one, the application will enable the user to input a customer's name, Length of current policy in years, driver's rating and current yearly premium. Based on data provided, the application must print well-formatted detail stating whether or not the customer is eligible for a discount. For customers eligible for a discount, the application must also print the amount of the discount to be awarded to the customer. Upon completion of entering all customer data, the application will print a well formatted report that includes the total number of customers entered by the user, a count of customers that are eligible for a discount, and the average discount amount.
Discount Insurance provides motor vehicle insurance to its customers. The company is introducing a hew discount program for its customers. You have been hired by the insurance company to create a java application to calculate policy discounts for all customers. Not all customers are eligible for a discount. Only customers who have held a policy longer than 3 years are eligible. In addition, a customer must have a driver rating of "Excellent", "Above Average", or 'Average". Customers with a rating of "Below Average" are not eligible for a discount. The discount amount is calculated based on the driver's rating and percentages of current yearly premium as shown below: Rating Excellent Percent Discount 15% Above Average Average 10% 5% For example: A customer holding a policy for 5 years with an "Excellent" rating and current yearly premium of $450, will get a discount calculated as: 5450 * .15 = $67.50 Your goal is to create an application to allow a user (a company staff) to continually input customer data until the user has inputted all customers and has indicated they are finished entering customer data. One by one, the application will enable the user to input a customer's name, Length of current policy in years, driver's rating and current yearly premium. Based on data provided, the application must print well-formatted detail stating whether or not the customer is eligible for a discount. For customers eligible for a discount, the application must also print the amount of the discount to be awarded to the customer. Upon completion of entering all customer data, the application will print a well formatted report that includes the total number of customers entered by the user, a count of customers that are eligible for a discount, and the average discount amount.
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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![**Understanding Discount Programs at Discount Insurance**
Discount Insurance offers motor vehicle insurance to its clients and is now introducing a new discount program aimed at providing cost reductions based on specific criteria. In this guide, we will explore how you can calculate these discounts with a Java application.
**Eligibility Criteria for Discounts**
Not all policyholders qualify for a discount. Here's who is eligible:
- Customers must have held their policy for over 3 years.
- Customers must have a driver rating of "Excellent", "Above Average", or "Average".
- Customers with a "Below Average" rating do not qualify for a discount.
**Discount Calculation**
The discount amount is determined by the driver’s rating and is a percentage of the current yearly premium. The table below outlines the discount structure:
| Rating | Percent Discount |
|---------------|------------------|
| Excellent | 15% |
| Above Average | 10% |
| Average | 5% |
**Example Calculation**
To illustrate, let’s consider a customer who has had a policy for 5 years, holds an "Excellent" rating, and has a current yearly premium of $450. The discount is calculated as follows:
\[ \text{Discount} = \$450 \times 0.15 = \$67.50 \]
**Objective for Your Application**
The goal is to design an application enabling company staff to continuously input customer data until all entries are finished. The application should:
1. Allow input of customer details, including name, policy duration in years, driver’s rating, and current yearly premium.
2. Verify the eligibility for a discount and provide a detailed report.
3. Print the calculated discount for eligible customers.
4. Upon completion of data entry, produce a summary report showing:
- The total number of customers processed.
- The number of eligible customers.
- The average discount amount.
By following this structured approach, you can ensure accurate and efficient processing of policy discounts, enriching customer service and satisfaction.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e7678eb-8065-40b2-b3bf-4a03ebf783be%2F8a673697-aa91-46f3-b824-4b950405c625%2Fo4p5sx_processed.png&w=3840&q=75)
Transcribed Image Text:**Understanding Discount Programs at Discount Insurance**
Discount Insurance offers motor vehicle insurance to its clients and is now introducing a new discount program aimed at providing cost reductions based on specific criteria. In this guide, we will explore how you can calculate these discounts with a Java application.
**Eligibility Criteria for Discounts**
Not all policyholders qualify for a discount. Here's who is eligible:
- Customers must have held their policy for over 3 years.
- Customers must have a driver rating of "Excellent", "Above Average", or "Average".
- Customers with a "Below Average" rating do not qualify for a discount.
**Discount Calculation**
The discount amount is determined by the driver’s rating and is a percentage of the current yearly premium. The table below outlines the discount structure:
| Rating | Percent Discount |
|---------------|------------------|
| Excellent | 15% |
| Above Average | 10% |
| Average | 5% |
**Example Calculation**
To illustrate, let’s consider a customer who has had a policy for 5 years, holds an "Excellent" rating, and has a current yearly premium of $450. The discount is calculated as follows:
\[ \text{Discount} = \$450 \times 0.15 = \$67.50 \]
**Objective for Your Application**
The goal is to design an application enabling company staff to continuously input customer data until all entries are finished. The application should:
1. Allow input of customer details, including name, policy duration in years, driver’s rating, and current yearly premium.
2. Verify the eligibility for a discount and provide a detailed report.
3. Print the calculated discount for eligible customers.
4. Upon completion of data entry, produce a summary report showing:
- The total number of customers processed.
- The number of eligible customers.
- The average discount amount.
By following this structured approach, you can ensure accurate and efficient processing of policy discounts, enriching customer service and satisfaction.
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