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Calculate the expected healthcare cost - E (Cost) - under this scenario: Outcome Probability Cost Stay Healthy 0.9 $ 0 Get sick. 1-0.9 $20252.28 E

Calculate the expected healthcare cost - E(Cost) - under this scenario:

Outcome Probability Cost

Stay Healthy 0.9 $ 0

Get sick. 1-0.9 $20252.28

E(Cost) = ?????

Calculate the answer by read surrounding text.

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