(b) Suppose the premium for policy A is reduced to $25. Now how many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium? The company should purchase units of Policy A and units of Policy B, for a premium of $

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
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Author:Carter
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Chapter3: Linear And Nonlinear Functions
Section3.7: Piecewise And Step Functions
Problem 30PPS
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(b) Suppose the premium for policy A is reduced to $25. Now how many units should be purchased from each plan to
minimize the cost of the premiums? What is the minimum premium?
The company should purchase
units of Policy A and units of Policy B, for a premium of $
Transcribed Image Text:(b) Suppose the premium for policy A is reduced to $25. Now how many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium? The company should purchase units of Policy A and units of Policy B, for a premium of $
K
ve this
3
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20
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View an example
SEP
A company is considering two insurance plans with coverage and
premiums shown in the table. (For example, this means that $50 buys
one unit of plan A, consisting of $10,000 fire and theft insurance and
$180,000 of liability insurance.) Answer parts (a) and (b).
8
$
4
888 F4
(a) The company needs at least $300,000 fire and theft insurance and at least $4,800,000 liability from these plans. How
many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium?
The company should purchase units of Policy A and units of Policy B, for a premium of $
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Transcribed Image Text:K ve this 3 E D 20 C View an example SEP A company is considering two insurance plans with coverage and premiums shown in the table. (For example, this means that $50 buys one unit of plan A, consisting of $10,000 fire and theft insurance and $180,000 of liability insurance.) Answer parts (a) and (b). 8 $ 4 888 F4 (a) The company needs at least $300,000 fire and theft insurance and at least $4,800,000 liability from these plans. How many units should be purchased from each plan to minimize the cost of the premiums? What is the minimum premium? The company should purchase units of Policy A and units of Policy B, for a premium of $ R F > V % 5 Get more help. T ^ 6 B F6 Y H & v fo 7 ◄◄ N F7 U C J * 00 8 A FB I M ( -0 9 Fire/Theft Liability Premium Clear all K F9 ( O -0 O Policy A $10,000 $180,000 $50 L F10 Check answer P 43 Policy B $15,000 $120,000 $40 command FI { . || #0 12 or ૨ alt optior
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