time (years)cost 0 years$150.00 5 years$135.00 10 years$120.00 15 years$105.00 5% discount on your...
TRANSCRIPT
GEICO CAR INSURANCE
MOTORCYCLE INSURANCE RATES
Time (Years) Cost
0 Years $150.00
5 Years $135.00
10 Years $120.00
15 Years $105.00
•5% discount on your motorcycle policy if you also insure your car with GEICO.•10% discount when you renew your motorcycle insurance (every 5 Years) with GEICO® Motorcycle•20% discount if you are a current Motorcycle Safety Foundation instructor.
Point – to –Point
$15.00$15.00
$15.00
Average Rate Of Change : 150.00 – 105.00 = $45.0015 – 0 = 1545 /15 = 3/1 <- Unit Rate
THE COST IS DECREASING AT A CONSTANT RATE
MOTORCYCLE INSURANCE
Month(Input)
Payments(Output)
0 $150
1 $300
2 $165.45
3 $180.90
4 $196.35
9-Pay – Pay your premium in 9 installments
Available if the total premium is over $150. 17.6% of the total premium is due on the effective date of the policy. Eight additional payments of 10.3% each are due in months 2 through 9
after the effective date.
The payments depend on the month.
Independent: MonthsDependent: Payments
Domain: {0,1,2,3,4}Range: {150;165.45;180.90;196.35;300}
MOTORCYCLE INSURANCE 6-Pay – Pay your premium in 6 installments
Available if the total premium is over $100. 25% of the total premium is due on the effective date of the
policy. Five additional payments of 15% each are due at 2, 4, 6, 8, and 10
months after the effective date.Months Payment
0 $125
1 $225
2 $115
3 $100
4 $115
Percent Change:
< 55%
< 51%< 86%
< 86%
Rate: A ratio used to compare two measurements
MOTORCYCLE INSURANCE (SLOPE)
0 1 2 3 4$0
$50
$100
$150
$200
$250
Motorcycle Insurance(6-Pay)
Motorcycle In-surance(6-Pay)
SLOPE KEY = 100/1
= 110/1
= 15/1
= 15/1
WORK CITED http://www.geico.com/