Author Question: Brandy Segovia, a single mom with two children, wants to purchase 100,000 of term life insurance for ... (Read 53 times)

oliviahorn72 · **on:** Jun 24, 2018

Brandy Segovia, a single mom with two children, wants to purchase 100,000 of term life insurance for herself and 10,000 for each of her children. An insurance company quoted her a family policy of 100,000 term insurance at a rate of 3.36 per 1,000 . This includes 10,000 for each child at no additional cost. Calculate Brandy's annual premium.
a. 403.20

b. 28.00

c. 33.60

d. 336.00

Question 2

The additivity property of linear programming implies that the contribution of any decision variable to the objective is of/on the levels of the other decision variables.
a. dependent
b. independent
c. conditional
d. the sum