Author Question: Steve and Laura Steinway decided to purchase a homeowner's insurance policy in the amount of 100,000 ... (Read 199 times)

Evvie72 · **on:** Jun 24, 2018

Steve and Laura Steinway decided to purchase a homeowner's insurance policy in the amount of 100,000 to cover the household furnishings in their 2,500 square foot home. Their insurance company quoted them 3.10 per 1,000 for the coverage. What is the cost of the annual premium?
a. 25.83

b. 310.00

c. 100.00

d. 300.00

Question 2

When there is a problem with Solver being able to find a solution, many times it is an indication of a(n):
a. older version of Excel
b. nonlinear programming problem
c. problem that cannot be solved using linear programming
d. mistake in the formulation of the problem