Continuing from the Question Above, an Additional 10 People Join

question 18

Multiple Choice

Continuing from the question above, an additional 10 people join the group who have expected medical spending of $5,000 per person on average.The new premium will be approximately

• A)$1,500
• B)$2,200
• C)$2,500
• D)$4,500

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Definitions:

Theodore Simon

A French psychologist who, together with Alfred Binet, developed the first intelligence test known as the Binet-Simon scale.

Intelligence

The ability to acquire and apply knowledge and skills, involving processes such as reasoning, learning, and problem-solving.

Hereditary Genius

A concept suggesting that genius or exceptional ability is inherited genetically from one's ancestors.

Francis Galton

A British polymath who made significant contributions to fields like statistics, psychology, and genetics, often considered a pioneer in the study of human intelligence.