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Please how do we know the expected healthcare cost? Calculate the expected healthcare cost - E(Cost) - under this scenario: Outcome Probability Cost Stay Healthy

Please how do we know the expected healthcare cost?

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Calculate the expected healthcare cost - E(Cost) - under this scenario: Outcome Probability Cost Stay Healthy 0.89 $ 0 Get sick. 1-0.89 $20196.28 E(Cost) = ROUND TO THE NEAREST WHOLE DOLLAR! NO DECIMALS! Also, don't use a dollar sign or commas. Just the number with no decimals

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