The following table gives the monthly premiums for an insurance policy on people of various ages. a. Find an exponential function that models the monthly premium as a function of age. b. Find the quadratic function that is the best fit for the data. c. Graph each function with the data points to determine which model is the better fit. a. The exponential function that models the data is y= (Use integers or decimals rounded the nearest thousandth as needed for any numbers in the expression.) Age 35 40 45 50 55 Monthly Premium (S) 120 151 219 334 532 Age 60 65 70 75 Full data set Monthly Premium (S) 980 1789 3208 5729

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
icon
Related questions
Question
K
The following table gives the monthly premiums for an insurance policy on people of various ages.
a. Find an exponential function that models the monthly
premium as a function of age.
b. Find the quadratic function that is the best fit for the data.
c. Graph each function with the data points to determine
which model is the better fit.
a. The exponential function that models the data is y=
(Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.)
Age
35
40
45
50
55
Monthly
Premium (S)
120
151
219
334
532
Age
60
65
70
75
Full data set O
Monthly
Premium (S)
980
1789
3208
5729
Transcribed Image Text:K The following table gives the monthly premiums for an insurance policy on people of various ages. a. Find an exponential function that models the monthly premium as a function of age. b. Find the quadratic function that is the best fit for the data. c. Graph each function with the data points to determine which model is the better fit. a. The exponential function that models the data is y= (Use integers or decimals rounded to the nearest thousandth as needed for any numbers in the expression.) Age 35 40 45 50 55 Monthly Premium (S) 120 151 219 334 532 Age 60 65 70 75 Full data set O Monthly Premium (S) 980 1789 3208 5729
Expert Solution
Step 1

Given data is as follows

Age (x)

Monthly premium ($) (y)

35 120
40 151
45 219
50 334
55 532
60 980
65 1789
70 3208
75 5729

The exponential function, quadratic function and determined as shown below.

 

steps

Step by step

Solved in 4 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,