This is the plan below she is chooses and the chart of probability distribution. Based on below, please answer:What is the expected cost of the chosen plan? Round your answer to 2 decimal places (tolerance is +/-.50) Plan 3-monthly cost of $24 with no deductible, the participants insured pay 30% of all expenses with the remainder paid by the insurer.Tracy McCoy, an administrative assistant in the management department, estimates that her annual medical expenses are defined by the following probability distribution.Annual Medical Expenses$1005001,5003,0005,00010,000Probability.15.30.35.10.05.05

This is the plan below she is chooses and the chart of probability distribution. Based on below, please answer: What is the expected cost of the chosen plan? Round your answer to 2 decimal places (tolerance is +/-.50)

This is the plan below she is chooses and the chart of probability distribution. Based on below, please answer: What is the expected cost of the chosen plan? Round your answer to 2 decimal places (tolerance is +/-.50)

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Question

This is the plan below she is chooses and the chart of probability distribution. Based on below, please answer:

What is the expected cost of the chosen plan? Round your answer to 2 decimal places (tolerance is +/-.50)

Plan 3-monthly cost of $24 with no deductible, the participants insured pay 30% of all expenses with the remainder paid by the insurer.
Tracy McCoy, an administrative assistant in the management department, estimates that her annual medical expenses are defined by the following probability distribution.
Annual Medical Expenses
$100
500
1,500
3,000
5,000
10,000
Probability
.15
.30
.35
.10
.05
.05

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