Solve the Problem

question 9

Multiple Choice

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 $60,000. What is the expected profit or loss for the insurance
Company?

• A)$61,760 profit
• B)$200,000 profit
• C)$80,000 profit
• D)$1,440,000 loss

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Definitions:

Graduate Training

The advanced education and specialized training received at a graduate level, typically including master's and doctoral programs, aimed at deepening expertise in a specific field.

Deinstitutionalization Movement

A policy and social movement that began in the mid-20th century, advocating for the closure of psychiatric hospitals and the treatment of mentally ill individuals in community settings.

Moral Treatment

A 19th-century approach to treating mental illness that emphasized humane care, moral discipline, and the therapeutic value of work and leisure activities.

Prescription-Writing Privileges

The legal authorization granted to healthcare professionals, allowing them to prescribe medications to patients.