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