Mathematics, 01.04.2021 08:50 arringtonlamar
Regina used her past health history and information about her doctor visits to create this table to compare health costs with and without insurance.
Description of Service Probability of Needing the Service Cost with Insurance Plan Cost without Insurance Plan
annual premium 100% $1,580 $0
four doctor visits 24% $100 $1,400
medication 12% $40 $240
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 $
Answers: 2
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Regina used her past health history and information about her doctor visits to create this table to...
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