Try graphing them in desmos
Answer:
A. The first one
Step-by-step explanation:
Because it has a negative slope and if you follow the line you can tell it has a slope of -1/4.
The expected value of health care without insurance is $437.25.
The expected value of health care with insurance is $1,636.40.
<h3>What are the expected values?</h3>
The expected values can be determined by multiplying the respective probabilities by its associated costs.
The expected value of health care without insurance
= (1 x 0) + (0.32 x 1050) + (0.45 x $225)
= $437.25
The expected value of health care with insurance
= (1 x 1580) + (0.32 x 75) + (0.45 x $72)
= $1,636.40
Thus, The expected value of health care without insurance is $437.25.
The expected value of health care with insurance is $1,636.40.
Learn more about Expected value from:
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