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22 16
Select the correct answer from each drop-down menu.
Identify the type of insurance.
Cinsurance when
Unlike other policies, you are required by law to get
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16
Select the correct answer from each drop-down menu.
Identify the type of insurance.
Cinsurance when
Unlike other policies, you are required by law to get
Reset

Type the correct answer in each box.
Cost
Winston used his past health history and information about his doctor visits to create this table to compare heal
Cost with Insurance Plan
Probability of Needing
the Service
Description of Service
100%
$1,580
$125
45%
annual premium
five doctor visits
$75
75%
medication
What is the expected value of each option?
The expected value of health care without insurance is $
The expected value of health care with insurance is $
0
RES