Please solve C D E

1. Courtney/s annual likelihood of getting sick is 20%. Additionally, suppose that the cost of her illness would be $10,000 if she were to get sick. a. What is her expected annual health care cost? b. Suppose that Courtney has the opportunity to purchase full coverage health insurance for $1,000, does she take it? (Support your answer) c. What would the actuarially fair insurance premium be for Courtney? d. Courtney works at Purdue University. Their health insurance plans described below. It is mandatory that she select one of the 2 plans. How much she must pay for it (the premium) depends on her income. Premiums Benets Non-preventative income 2 40k income