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Show me the steps to solve You are wondering about your expected cost of healthcare over the coming year. You estimate the probability that you

Show me the steps to solve You are wondering about your expected cost of healthcare over the coming year. You estimate the probability that you will remain healthy at

85 % .

You plan to spend $

800

on staying healthy. However, if you get sick, the cost is going to be $

25, 000 .

What is your expected cost?

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