The insured has a 1,000,000 personal umbrella policy with a retention limit of $5,000. the insured suffers a $15,000 loss that is excluded by both the underlying policy and the umbrella. how much of this loss would be paid under the umbrella?

$10,000

Step-by-step explanation:

Data provided in the question:

The amount of personal umbrella policy = 1,000,000

The retention limit = $5,000

Loss suffered by the insured =  $15,000

Now,

The amount that would be paid under the umbrella

= Loss suffered by the insured  - The retention limit

or

The amount that would be paid under the umbrella = $15,000 - $5,000

or

The amount that would be paid under the umbrella = $10,000

a.   we have two

lines:   y = 4-x   and  

y = 8-x^-1

given two simultaneous equations that are both to be

true, then the solution is the points where the lines cross. the intersection is

where the two equations are equal. therefore the solution that works for both

equations is when

4-x = 8-x^-1

this is where the two lines will cross and that is the

common point that satisfies both equations.

b.   4-x = 8-x^-1

  x           4-x       8-x^-1

-3           7        

8.33

-2           6         8.5

-1           5         9

  0           4        

-

  1           3        

7

  2           2        

7.5

  3           1         7.67

the table shows that none of the x values from -3 to 3 is

the solution because in no case does

4-x = 8-x^-1

to find the solution we need to rearrange the equation to

find for x:

4-x = 8-x^-1

multiply both sides with x:

4x-x^2 = 8x-1

x^2+4x-1=0

x= -4.236, 0.236

therefore there are two points that satisfies the

equation.

find y:  

x=-4.236

y = 4-x   = 4 – (-4.236)

= 8.236

y = 8-x^-1 =   .236)^-1

= 8.236

x=0.236

  y = 4-x   = 4 – (0.236) = 3.764

y = 8-x^-1 =   8-(0.236)^-1

= 3.764

thus the two lines cross at 2 points:

(-4.236, 8.236) & (0.236, 3.764)

c.   to solve

graphically the equation 4-x = 8-x^-1

we would graph both lines: y = 4-x   and   y

= 8-x^-1

the point on the graph where the lines cross is the

solution to the system of equations.

just graph the points on part b on a cartesian coordinate

system and extend the two lines.   the

solution is, as stated, the point where the two lines cross on the graph.

step-by-step explanation:

mark brainliest!