Suppose That a Consumer Has a Health Insurance Program with Co-Payments

question 86

Multiple Choice

Suppose that a consumer has a health insurance program with co-payments of $10 per doctor visit. If the consumer purchases 6 doctor visits and the bill charged by the doctor for 6 visits is $360, the portion of this cost covered by a third-party payer is:

• A) $60.
• B) $300.
• C) $360.
• D) $420.

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Definitions:

Heights of Men

The measurement of how tall male individuals are, often collected for studies in ergonomics, health, or demographic research.

Standard Deviation

A measure of the dispersion or spread of a set of data points relative to its mean, indicating how much variation exists from the average.

Sample Mean

The average of all the observations in a sample.

Magazines

Magazines are periodical publications containing a variety of content such as articles, stories, and advertisements, aimed at a specific readership or general audience.