A local cinema found that if the price of admission was $16, the attendance was about 950 customers per day. When the price of admission was dropped to $5, attendance increased to about 1550 per day. Write a linear equation for the attendance in terms of the price,p. (A = mp+b)

A = -10*p + 2220

Step-by-step explanation:

To write a linear equation let define

A = attendance

m = slope of the line

b = intercept of the line

p = Price  of admision

let´s find m, using the two points (p,A)

point 1 = (13, 2050)

point 2 = (12, 2100)

m = (2100 – 2050)/(12-17) = -10

Replacing m in the equation  

A=-10p+b

To find b, let´s use point 1  

2050 = -10*17 + b

B = 2050  + 170

b = 2220

finally, the equation is

A = -10*p + 2220

Annual Premium (not Monthly premium is paid for Term Insurance)

Step-by-step explanation:

Term assurance is the insurance policy that provide cover for life assured for limited time i.e. 10 years cover. It is a policy usually use to compensate against sudden death or injury as a result of different perils. Travellers, Pilgrimage are well known users of Term insurance as their life risk increase with the journey.

If the scenario of 10 years cover, premium will be payable yearly(Annual premium).

If the coverage is for say 1 years, premium might be required to be paid monthly or semi-annually depending on the policy of each insurance company.