Answer:
Max would save $126 if he quit smoking.
Step-by-step explanation:
It is given that the age of max is 33.
From the given table it is clear that the monthly premium for every $25000 of coverage for age group 31-40 non smoker male is 5.50 and smoker male is $9.00.
Total yearly premium for $75000 for non smoker male of 33 age is
[tex]P_1=5.50\times 3\times 12=198[/tex]
Total yearly premium for $75000 for smoker male of 33 age is
[tex]P_2=9.00\times 3\times 12=324[/tex]
If he quit smoking then he save
[tex]Saving=P_2-P_1[/tex]
[tex]Saving=324-198[/tex]
[tex]Saving=126[/tex]
Therefore max would save $126 if he quit smoking.
