Question: 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

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 22,900,000 veterans. Additionally, the number of active duty personnel is 1,539,323. The percentage of the population that has life insurance is 45%. Also assume the average price for a for lif insurance is $2,000 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.)

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