You have a 2 percent chance of having healthcare bills of 100,000, a 20 percent chance of having…


You keep a 2 percent luck of having healthcare bills of 100,000, a 20 percent luck of having healthcare bills of 10,000, a 60 percent luck of having healthcare bills of 500, and an 18 percent luck of having healthcare bills of $0. What is your expected healthcare spending? How does it collate to the confutation in exertion 4.3?

exertion 4.3

You keep a 1 percent luck of having healthcare bills of 100,000, a 19 percent luck of having healthcare bills of 10,000, a 60 percent luck of having healthcare bills of 500, and a 20 percent luck of having healthcare bills of 0. What is your expected spending?