Use the Following to Answer Questions

question 175

Multiple Choice

Use the following to answer questions:
Scenario: Health Costs
Alan is hoping for a healthy year, meaning that he would have zero health costs. Given his habits, there is a 40% chance that Alan will develop a health issue resulting in $50,000 in health costs. Assume these are the only two conditions that could exist for Alan in the coming year.
-(Scenario: Health Costs) Look at the scenario Health Costs. Given the fact that Alan has a 40% chance of developing a health problem, what is the expected value of Alan's health care costs for the coming year?

• A) $0
• B) $50,000
• C) $20,000
• D) $16,000

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Definitions:

Sex Selection

Sex selection is the practice of using medical techniques to choose the sex of an offspring, often for cultural, social, or personal reasons.

Erikson's Crises

A series of psychosocial challenges described by psychologist Erik Erikson, each stage requiring an individual to navigate and resolve psychological conflicts to develop healthily.

Identity Versus Identity Confusion

Erikson’s fifth stage of psychosocial development, in which an adolescent seeks to develop a coherent sense of self, including the role she or he is to play in society. Also called identity versus role confusion.

Intimacy Versus Isolation

Erikson’s sixth stage of psychosocial development, in which young adults either form strong, long-lasting bonds with friends and romantic partners or face a possible sense of isolation and self-absorption.