You have a 1 percent chance of having healthcare bills of $100,000, a 19 percent chance of
Question:
You have a 1 percent chance of having healthcare bills of $100,000, a 19 percent chance of having healthcare bills of $10,000, a 60 percent chance of having healthcare bills of $500, and a 20 percent chance of having healthcare bills of $0. What is your expected spending?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (3 reviews)
To calculate your expected spending on healthcare bills you can use the ...View the full answer
Answered By
Tobias sifuna
I am an individual who possesses a unique set of skills and qualities that make me well-suited for content and academic writing. I have a strong writing ability, allowing me to communicate ideas and arguments in a clear, concise, and effective manner. My writing is backed by extensive research skills, enabling me to gather information from credible sources to support my arguments. I also have critical thinking skills, which allow me to analyze information, draw informed conclusions, and present my arguments in a logical and convincing manner. Additionally, I have an eye for detail and the ability to carefully proofread my work, ensuring that it is free of errors and that all sources are properly cited. Time management skills are another key strength that allow me to meet deadlines and prioritize tasks effectively. Communication skills, including the ability to collaborate with others, including editors, peer reviewers, and subject matter experts, are also important qualities that I have. I am also adaptable, capable of writing on a variety of topics and adjusting my writing style and tone to meet the needs of different audiences and projects. Lastly, I am driven by a passion for writing, which continually drives me to improve my skills and produce high-quality work.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
You have a 2 percent chance of having healthcare bills of $100,000, a 20 percent chance of having healthcare bills of $10,000, a 60 percent chance of having healthcare bills of $500, and an 18...
-
You have a 1 percent chance of having healthcare bills of $100,000, a 19 percent chance of having healthcare bills of $10,000, a 60 percent chance of having healthcare bills of $500, and a 20 percent...
-
Instead of complete insurance as in exercise 4.5, you have a policy with a $5,000 deductible. What will your expected out-ofpocket spending be? What will your expected insurance benefits be? Assuming...
-
Identify the accounting periods relating to the following periods of account: (a) year to 30 November 2020 (b) 1 October 2019 to 31 July 2020 (c) 1 January 2021 to 31 January 2021 (d) 33 months to 31...
-
Identify alternative ways to make first contact with a potential acquisition target. Why is confidentiality important? Under what circumstances might a potential acquirer make its intentions public?
-
Which of the following best describes Battens regression? A. Time-series regression B. Cross-sectional regression C. Time-series and cross-sectional regression Howard Golub, CFA, is preparing to...
-
What are the three parts of a make rule?
-
AMR Corporation (parent company of American Airlines) reported the following for 2011 (in millions). Service cost .......... $366 Interest on P.B.O. ........ 737 Return on plan assets ...... 593...
-
Warranties normally: Multiple select question. have indefinite lives. guarantee repair or replacement. represent liabilities. cover a specific time period.
-
You have a 50 percent chance of making $0, a 40 percent chance of making $100, and a 10 percent chance of losing $100. Calculate the expected value and variance of the payoff. How does your estimate...
-
The University of Pittsburgh Medical Center (UPMC) has international operations in nine countries (UPMC 2017a). It operates cancer centers and a full-service hospital in Ireland; transplantation,...
-
In 2021, Geoff incurred $900,000 of mine and exploration expenditures. He elects to deduct the expenditures as quickly as the tax law allows for regular tax purposes. a. How will Geoffs treatment of...
-
What is meant by a service-oriented architecture?
-
What are the advantages of using an ORDBMS over an RDBMS?
-
What are the five types of connascence described in your text? Give one example of each type.
-
What are the seven types of method cohesion? Give one example of good method cohesion and one example of bad method cohesion.
-
List some of the differences between an ORDBMS and an RDBMS.
-
Tractor Supply, Corp. currently has a 50 percent market share in banking services, followed by Farm Equipment, Inc., with 30 percent and Plow Mart with 20 percent. a. What is the concentration ratio...
-
Consider the sections of two circuits illustrated above. Select True or False for all statements.After connecting a and b to a battery, the voltage across R1 always equals the voltage across R2.Rcd...
-
A woman went to the Beneficial Loan Company and borrowed $3000. She must pay $119.67 at the end of each month for the next 30 months. (a) Calculate the nominal annual interest rate she is paying to...
-
Helen is buying a $12,375 automobile with a $3000 down payment, followed by 36 monthly payments of $325 each. The down payment is' paid immediately, and the monthly payments are due at the end of...
-
Peter Minuet bought an island from the Manhattoes Indians in 1626 for $24 worth of glass beads and trinkets. The 1991 estimate of the value of land on this island was $12 billion. What rate of return...
-
amounts in millions, except per share data NET SALES Cost of Sales January 31, 2016 Fiscal Year Ended(1) February 1, 2015 February 2, 2014 $ 88,519 $ 83,176 $ 78,812 58.254 54.787 51,897 30,265...
-
The speed of a box traveling on a horizontal friction surface changes from vi = 13 m/s to vf = 11.5 m/s in a distance of d = 8.5 m. "How long in seconds did it take for the box to slow by this...
-
https://youtu.be/sO4te2QNsHY The above is a youtube link, watch the video in the link and answer the below question write a short paragraph describing your main reflection after watching the video,...
Study smarter with the SolutionInn App