Q1. The cost of health insurance is $1,200 per year. The cost of an operation for a dramatic injury is $500,000. The chances of someone needing such an operation are 47.3% over a twenty year period. From a purely financial point of view, are you better off taking out the insurance or not?

Choose the best answer.

Question 38 options:

No. The insurance company must make a profit.

Yes. The cost of the insurance is less than the probability cost of the operation

No. The probality of needing the operation is less than 50%.

Yes. Buying insurance is always a good idea.

Q2. Under what circumstances would this statement be true

(?z)(?y)[(G(z) & W(y)) ? E(y,z)]]

Check all that apply.

Question 18 options:

	If there are no wolfs.
	If there is a wolf who has eaten every goat.
	If every goat was eaten by a wolf.
	If there are no goats.