How can we use probability statistics to anticipate the future cost of health care premiums?

Question by babyface: How can we use probability statistics to anticipate the future cost of health care premiums?
What is the probability that your favorite Baseball team will win the Championship this season?

Best answer:

Answer by xtreem_computing
Wow that is a hard question to answer in this way…. While the TV show Numb3rs is fun and accurate like McGyver was years ago this is a very difficult problem. The thing is that each factor has to be given a number value. And the people whom do this for a profession are very good at handicapping those values. Once those values are assigned then the equations are out there and can be used.
Hope this helps.

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