Mathematics
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 $

answer
Answers: 2

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