Kyle has to make a decision about his health insurance. Under one plan, the monthly cost of insurance is $15, but if he visits a
doctor, he has to pay $50 for an office visit.
Kyle estimates that he has a 0.05 probability of needing to visit a doctor in any given month.
What is the expected monthly value of this plan for Kyle?
2 answers:
100 - 0.05 = 0.95
Expected monthly cost =
Monthly cost x 0.95 + office visit x 0.05
15 x 0.95 + 50 x 0.05
14.25 + 2.50 = $16.75
Answer:
The expected monthly cost value should be 17.50.
Step-by-step explanation:
15 * 0.95 + (15 + 50)*0.05 = 17.5
You might be interested in
Answer :
32b + 63
Hope this help!
Answer:
-8
Step-by-step explanation:
Remember pemdas
7 - 3*(10:2):1 =
7-3*5:1=
7-15:1=
7- 15=
-8
Answer: Yes, it can.
Step-by-step explanation:
Answer:
I believe the answer is 9 years old or 8 years old.
Both recipes would add up to 1 5/12 this is using the black widow way
