Acme Life Insurance charges $650 for a $1,000,000 life Insurance policy. Historical research shows that 1 In 11,000

Question

Acme Life Insurance charges $650 for a $1,000,000 life Insurance policy. Historical research shows that 1 In 11,000 policyholders will dle and the company is forced to pay out $1,000,000. On average, what is the expected profit of Acme Life Insurance per policy?
$649.94
$591.00
$559.03
$62.01

Kunduz · Accepted Answer

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