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Insurance Question. i would like an in dept explanation and detailed calculation. thank you Lily has the following loss distribution for her medical expenses in

Insurance Question. i would like an in dept explanation and detailed calculation. thank you image text in transcribed
Lily has the following loss distribution for her medical expenses in the coming year. a) If Lily has a medical expense policy with full insurance, how much would the insurer be expected to pay for the medical expenses? b) If Lily has a medical expense policy with $300 deductible, how much would the insurer be expected to pay for the medical expenses? c) If Lily has a medical expense policy with $300 deductible, a 30 percent coinsurance, and a $60,000 limit, how much would the insurer be expected to pay for the medical expenses

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