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Assume 3 in every 3000 students at the local community college have to quit due to serious health issues. An insurance company offers them $12,000

Assume 3 in every 3000 students at the local community college have to quit due to serious health issues. An insurance company offers them $12,000 policy for $50 a year. What is the amount the insurance company should expect to make on average on every student that pays?

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