April 3, Friday
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The probability of any individual being affected by C* virus and needing a ventilator is 10^(-3). Consider a country with a population of 1 billion. The cost of a ventilator is $500. What is the amount of budget the government needs to allocate to ensure that there is no shortage of ventilators with a probability of 0.95? (any resemblance to reality is purely coincidental) *
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