Mathematics, 01.04.2021 16:10 jerry1496
Winston's annual health insurance premium is $1580. With insurance, his costs for five doctor visits is $125 and medication is $75. His costs for the doctor visits without insurance is $1750 and $325 for the same medication. If the probability of going to the doctor 5 times is 45% and the probability of needing medication is 75%, what is the expected value of health care without and with health insurance? (round to the nearest whole dollar)
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Winston's annual health insurance premium is $1580. With insurance, his costs for five doctor visits...
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