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  3. acme life insurance charges $650 for a $1,000,000

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

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Basic Math

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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

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