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r= premium. Given r = $2,600, q = $5,000, the probability of NOT getting sick is 60% 1. What is the insurer's expected profit? $1560,

r= premium.

Given r = $2,600, q = $5,000, the probability of NOT getting sick is 60%

1. What is the insurer's expected profit? $1560, $960, -$960, $2400, none.

2. What is the expected profit from health individuals? $1560, -$1560, -$960, -$2400, -$600

3. If IS' =$3000. This means IS = _____? If IH' =$3700. This means IH =_______?

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