A group of 1,000 farmers is looking for insurance to protect their crops against insects. Here are the details: The farmers come from 10 different states across the Midwest and South. The groups range from farming families who've been in business for generations to new farmers, and farmers with hundreds of acres of lands to just a few acres. Each year, the farmers lose an average of 12% of their crops, due to variety of factors, including drought, fire, insects, animals, and other factors. No data is available breaking down the specific crop loss to each factor. Every farmer has agreed to pay their premium in full at the beginning of the year, or accept that they will not be covered. Total Revenue Projection = (1,000 farmers) x ($1,000 premium/year) Total Projected Costs = Last year, the farmers' projected revenue was $10,000,000. However, 12% of crops were lost. All those farmers would have filed insurance claims to recover those losses. 1. Is there a large, diverse pool of people to insure (based on age, gender, health, location, occupation, etc.)