Business, 21.06.2020 05:57, samsamisam4951

Using the chain ratio method, estimate the market potential for life insurance in the military (active duty and veterans) market for a country. Assume that there are 23,300,000 veterans. Additionally, the number of active duty personnel is 1,261,980. The percentage of the population that has life insurance is 44%. Also assume the average price for a for life insurance is $3,000, and veterans and active duty personnel will purchase only one life insurance policy. The number of buyers in the market can be estimated as (round to the nearest whole number). The market demand is estimated as $ (round to the nearest thousand)

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Using the chain ratio method, estimate the market potential for life insurance in the military (acti...