21
Type the correct answer in each box.
Regina used her past health history and information about her doctor visits to create this table to compare health costs with and without
insurance.
Description of Service
Probability of Needing
the Service
Cost with Insurance
Plan
Cost without Insurance
Plan
annual premium
$1,580
$0
100%
2496
$100
$1,400
four doctor visits
medication
1296
$40
$240
What is the expected value of each option?
The expected value of health care without insurance is s
The expected value of health care with insurance iss