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  3. given is 2000 ih 7000 ei 6500...

Question: given is 2000 ih 7000 ei 6500...

Question details

:Given

IS  = $2,000

IH = $7,000

E(I) = $6,500

what is the probability of getting sick (p)?

90%
100%
1%
10%
not enough information given

In addition to the question above assume a health insurance policy that has these values:

r = $500

q = $5,000

we can say that

this policy is partial insurance
this policy is full insurance
this policy is more than full
not enough information to determine
none of the above
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