Affordable Show more The following three options are available on a state health exchange based on the recent Affordable Care Act. Option A: Monthly premium of \$75. Deductible is \$1500 and the insurance company pays 90% of the balance.

Affordable Show more The following three options are available on a state health exchange based on the recent Affordable Care Act. Option A: Monthly premium of \$75. Deductible is \$1500 and the insurance company pays 90% of the balance.

Option B: Monthly premium of \$100. Deductible is \$500 and the insurance company pays 80% of the balance. Option C: Monthly premium of \$150. No deductible and the insurance company pay 70% of the cost. Beth has kept a record of her medical expenses for the past few years. Based on her record the following probability table has been compiled. Annual Medical Expenses \$1200 1000 \$1800 \$2000 \$800 \$3000 Probability 0.30 0.08 0.17 0.20 0.15 0.10 Based on prior medical expenses which is the best option for Beth? Show less

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