Policy 1: The insurance company Lloyd's Limited sells only a full insurance policy. The price for this policy is $30,000. f) Would Lila be better off purchasing this policy from Lloyd's than not having insurance? Briefly explain. g) Show that if 20% of the population is High Risk and 80% is Low Risk then this policy has a positive value in expectation for the insurance company, i.e. if the population that purchases the policy is split 20/80 then the expected revenue from the policy is greater than the expected payout of the policy