figures that she has a 75% chance of needing to visit the doctor and get medication once in the winter, for a total of about $400. She also figures there should be some room in the budget for emergencies, so she estimates a 5% chance she will need to spend $300 at an emergency room.

Is it reasonable for Laura to set her medical budget at $300 for the year?

A.
No. The expected value is over $300, so Laura will likely need more money to cover her expenses.
B.
No. The sum of the possible expenses is $700, so she should budget exactly that amount.
C.
Yes. As long as Laura has $300 for emergencies, she will likely have enough to cover any expenses.
D.
Yes. The expected value is under $300, so Laura will likely have enough money to cover her expenses.

Question

figures that she has a 75% chance of needing to visit the doctor and get medication once in the winter, for a total of about $400. She also figures there should be some room in the budget for emergencies, so she estimates a 5% chance she will need to spend $300 at an emergency room.

Is it reasonable for Laura to set her medical budget at $300 for the year?

A. 
No. The expected value is over $300, so Laura will likely need more money to cover her expenses.
B. 
No. The sum of the possible expenses is $700, so she should budget exactly that amount.
C. 
Yes. As long as Laura has $300 for emergencies, she will likely have enough to cover any expenses.
D. 
Yes. The expected value is under $300, so Laura will likely have enough money to cover her expenses.

loganisbored · Answer

souldve went to canada smh

LjTheBaller16 · Answer

$\color{#0cbb34}{\text{Originally Posted by}}$ @loganisbored
souldve went to canada smh
$\color{#0cbb34}{\text{End of Quote}}$
why dats not wat im asking