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Answer questions 8 to 1 0 based on the following information. Lily has the following loss distribution for her medical expenses after she has been

Answer questions 8 to 10 based on the following information.
Lily has the following loss distribution for her medical expenses after she has been diagnosed of diabetes.
If Lily has a medical expense policy with full insurance, how much would the insurer be expected to pay for the medical
expenses?
Select one:
a.397500
b. None of the above
c.280000
d.0
e.208800
If Lily has a medical expense policy with $50,000 deductible and a $500,000 limit, how much would the insurer be expected to pay for the medical expenses?
Select one:
a.
280000
b.
208800
c.
0
d.
397500
e.
None of the above
If Lily has a medical expense policy with $50,000 deductible, a 40 percent coinsurance, and a $500,000 limit, how much would the insurer be expected to pay for the medical expenses?
Select one:
a.
0
b.
280000
c.
208800
d.
397500
e.
None of the above
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