Juan has a much higher chance of being in a sick state of the world (in the words of the Bhattacharya readings, Nancy is "robust," and Juan is "frail"). He has only a 90% chance of being in a healthy state of the world and a 10% chance of being in a sick state of the world. Recall that the income net of health expenses in the healthy state of the world is $79,900, and the income net of health expenses in the sick state of the world is $5,000. First, work out the Expected Value for Juan. 1. The formula for this calculation is: E(V) = w*X + y*Z Where w, X, y, and Z are: Question 1 options: 0.01, 80000, 0.99, 100 0.01, 5000, 0.99, 79900 0.1, 75000, 0.99, 80000 0.1, 5000, 0.9, 79900