MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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Question
8
Question 2 [3]: Suppose the population is comprised of 3 types of people with the following
health care spending habits:
Group
Number
Health Care Spending
1,000
500
1,000
1,000
5,000
10,000
Part A: What is the expected health care spending per year for this population?
Part B: Suppose we introduce a managed care option. Uptake of managed care is given by the
table below. What is the average health care spending for people who do not switch to
managed care? The number who do switch?
Number Not Switching
Number Switching to
Managed Care
Group
A.
500
500
Bi
750
250
C
900
100
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Transcribed Image Text:Question 2 [3]: Suppose the population is comprised of 3 types of people with the following health care spending habits: Group Number Health Care Spending 1,000 500 1,000 1,000 5,000 10,000 Part A: What is the expected health care spending per year for this population? Part B: Suppose we introduce a managed care option. Uptake of managed care is given by the table below. What is the average health care spending for people who do not switch to managed care? The number who do switch? Number Not Switching Number Switching to Managed Care Group A. 500 500 Bi 750 250 C 900 100
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