Finite Mathematics and Calculus with Applications (10th Edition)
10th Edition
ISBN: 9780321979407
Author: Margaret L. Lial, Raymond N. Greenwell, Nathan P. Ritchey
Publisher: PEARSON
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Chapter 3.3, Problem 11E
(a)
To determine
To find: The number of units that to be purchased on each plan and the minimum premium.
(b)
To determine
To find: The number of units that to be purchased from each plan and the minimize the premium when the premium of the policy A is reduced to $25
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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 Fire/Theft
and $180,000 of liability insurance.) Answer parts (a) and (b).
Policy A
$10,000
Policy B
$15,000
Liability
$180,000
$120,000
Premium
$50
$40
(a) The company needs at least $450,000 fire and theft insurance and at least $6,000,000 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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I TASS
A company is considering two insurance plans with the types of coverage and premiums
shown in the following table.
Policy B
$15,000
$120,000
$40
(For example, this means that $50 buys one unit of plan A, which has $10,000 of fire/theft
insurance and $180,000 of liability insurance.)
Fire/Theft
Liability
Premium
Policy A
$10,000
$180,000
$50
The company wants at least $300,000 fire/theft insurance and at least $3,000,000 liability
insurance from these plans.
A) How many units should be purchased from each plan to minimize the cost of the
premiums?
B) What is the minimum premium?
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.
Policy A
Policy B
Fire/Theft
$10,000
$15,000
Liability
$180,000
$120,000
Premium
$50
$40
a. The company needs at least $150,000 fire and theft insurance and at least $2,400,000 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 S
Chapter 3 Solutions
Finite Mathematics and Calculus with Applications (10th Edition)
Ch. 3.1 - Graph 3x + 2y 18.Ch. 3.1 - Graph the feasible region for the system...Ch. 3.1 - Prob. 1WECh. 3.1 - y=12x+1Ch. 3.1 - Prob. 3WECh. 3.1 - Prob. 4WECh. 3.1 - Prob. 1ECh. 3.1 - Prob. 2ECh. 3.1 - Prob. 3ECh. 3.1 - Prob. 4E
Ch. 3.1 - Prob. 5ECh. 3.1 - Prob. 6ECh. 3.1 - Prob. 7ECh. 3.1 - Prob. 8ECh. 3.1 - Prob. 9ECh. 3.1 - Prob. 10ECh. 3.1 - Prob. 11ECh. 3.1 - Prob. 12ECh. 3.1 - Prob. 13ECh. 3.1 - Prob. 14ECh. 3.1 - Prob. 15ECh. 3.1 - Prob. 16ECh. 3.1 - Prob. 17ECh. 3.1 - Prob. 18ECh. 3.1 - Prob. 19ECh. 3.1 - Prob. 20ECh. 3.1 - Prob. 21ECh. 3.1 - Prob. 22ECh. 3.1 - Prob. 23ECh. 3.1 - Prob. 24ECh. 3.1 - Prob. 25ECh. 3.1 - Prob. 26ECh. 3.1 - Prob. 27ECh. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Prob. 29ECh. 3.1 - Prob. 30ECh. 3.1 - Prob. 31ECh. 3.1 - Graph the feasible region for each system of...Ch. 3.1 - Prob. 33ECh. 3.1 - Prob. 34ECh. 3.1 - Prob. 35ECh. 3.1 - Prob. 36ECh. 3.1 - Prob. 37ECh. 3.1 - Prob. 38ECh. 3.1 - The regions A through G in the figure can be...Ch. 3.1 - Prob. 40ECh. 3.1 - Prob. 41ECh. 3.1 - Prob. 42ECh. 3.1 - For Exercises 4247, perform the following steps....Ch. 3.1 - Prob. 44ECh. 3.1 - Prob. 45ECh. 3.1 - For Exercises 4247, perform the following steps....Ch. 3.1 - Prob. 47ECh. 3.2 - Prob. 1YTCh. 3.2 - Prob. 1WECh. 3.2 - Prob. 2WECh. 3.2 - Prob. 3WECh. 3.2 - Prob. 4WECh. 3.2 - Prob. 1ECh. 3.2 - Prob. 2ECh. 3.2 - Prob. 3ECh. 3.2 - Prob. 4ECh. 3.2 - Prob. 5ECh. 3.2 - Prob. 6ECh. 3.2 - Prob. 7ECh. 3.2 - Prob. 8ECh. 3.2 - Prob. 9ECh. 3.2 - Prob. 10ECh. 3.2 - Prob. 11ECh. 3.2 - Prob. 12ECh. 3.2 - Prob. 13ECh. 3.2 - Prob. 14ECh. 3.2 - Prob. 15ECh. 3.2 - Prob. 16ECh. 3.2 - Prob. 17ECh. 3.3 - Prob. 1YTCh. 3.3 - Prob. 2YTCh. 3.3 - Prob. 3YTCh. 3.3 - Prob. 1WECh. 3.3 - Prob. 2WECh. 3.3 - Prob. 1ECh. 3.3 - Prob. 2ECh. 3.3 - Prob. 3ECh. 3.3 - Prob. 4ECh. 3.3 - Prob. 5ECh. 3.3 - Prob. 6ECh. 3.3 - Prob. 7ECh. 3.3 - Prob. 8ECh. 3.3 - Finance A pension fund manager decides to invest a...Ch. 3.3 - Prob. 10ECh. 3.3 - Prob. 11ECh. 3.3 - Prob. 12ECh. 3.3 - Blending The Mostpure Milk Company gets milk from...Ch. 3.3 - Profit The Muro Manufacturing Company makes two...Ch. 3.3 - Revenue A machine shop manufactures two types of...Ch. 3.3 - Revenue The manufacturing process requires that...Ch. 3.3 - Transportation A flash drive manufacturer has 370...Ch. 3.3 - Prob. 18ECh. 3.3 - Prob. 19ECh. 3.3 - Prob. 20ECh. 3.3 - Life Sciences 21. Health Care David Willis takes...Ch. 3.3 - Predator Food Requirements A certain predator...Ch. 3.3 - Nutrition A dietician is planning a snack package...Ch. 3.3 - Health Care Jennifer Morales was given the...Ch. 3.3 - Prob. 25ECh. 3.3 - Prob. 26ECh. 3 - Determine whether each of the following statements...Ch. 3 - Determine whether each of the following statements...Ch. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 4RECh. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 6RECh. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 8RECh. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 10RECh. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 12RECh. 3 - Determine whether each of the following statements...Ch. 3 - Prob. 14RECh. 3 - Graph each linear inequality. 15. y 2x + 3Ch. 3 - Prob. 16RECh. 3 - Graph each linear inequality. 17. 2x + 6y 8Ch. 3 - Prob. 18RECh. 3 - Graph each linear inequality. 19. y xCh. 3 - Prob. 20RECh. 3 - Graph the solution of each system of inequalities....Ch. 3 - Prob. 22RECh. 3 - Graph the solution of each system of inequalities....Ch. 3 - Prob. 24RECh. 3 - Graph the solution of each system of inequalities....Ch. 3 - Prob. 26RECh. 3 - Use the given regions to find the maximum and...Ch. 3 - Prob. 28RECh. 3 - Use the graphical method to solve each linear...Ch. 3 - Prob. 30RECh. 3 - Use the graphical method to solve each linear...Ch. 3 - Prob. 32RECh. 3 - Prob. 33RECh. 3 - Prob. 34RECh. 3 - It is not necessary to check all corner points in...Ch. 3 - Prob. 36RECh. 3 - Prob. 37RECh. 3 - Prob. 38RECh. 3 - Profit Refer to Exercise 37. (a) How many batches...Ch. 3 - Prob. 40RECh. 3 - Prob. 41RECh. 3 - Construction A contractor builds boathouses in two...Ch. 3 - Prob. 43RECh. 3 - Prob. 44RECh. 3 - Prob. 45RECh. 3 - General Interest 46. Studying Ty Olden is trying...
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