Solve the problem. Round your answer to 2 decimal places when necessary.The overall U.S. death rate for 60 year-olds is approximately 12 deaths per 1000 people. Suppose that a life insurance company insures 2000 60-year-old people. The cost of the premium is $760 per year, and the death benefit is $55,000. What is the expected profit or loss for the insurance company?
A. $200,000 profit
B. $1,320,000 loss
C. $310,000 profit
D. $181,760 profit
Answer: A
Mathematics
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