SOLUTION: Suppose a sports event paid a $1000000 for an insurance policy of the event was cancelled due to bad weather. The policy stated that for each inch of snow above the average snowf

Question 1091454: Suppose a sports event paid a $1000000 for an insurance policy of the event was cancelled due to bad weather. The policy stated that for each inch of snow above the average snowfall of 39 inches, the policy would pay $75000 up to the maximum of $1,500,000. Right an algebraic expression in terms of s, the number of inches of snowfall, that represents how much the policy pays. Estimate how many inches of snow would have to fall before the event receives a payout equal to the cost of the policy. How many inches of snow would have to fall before the policy reaches maximum payout?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
The maximum limit of the policy is $1,500,000/$75,000 or 20 inches of snow above 39 inches or 59 inches.
For $1,000,000, it will be 14 inches to put it over $1,000,000 (13.3 inches more if fractions are allowed, which they don't appear to be here). This would be 39+14 or 53 inches.
The expression is P(s)=75,000*(s-39) for s >=39
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