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this is my hw pls help,ty 5 points 5? Suppose that John's income when healthy is $4,900. John has a 60% probability of falling sick.

this is my hw pls help,ty

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5 points 5? Suppose that John's income when healthy is $4,900. John has a 60% probability of falling sick. When sick, John's income is $2,500. Calculate John's expected income. Type your answer... 14 5 points 9 Suppose that John's income when healthy is $4,900. John has a 60% probability of falling sick. When sick, John's income is $2,500. Suppose that John's utility function is U (I) = . Calculate John's expected utility of income. Type your answer... 5 points X9 Suppose that John's income when healthy is $4,900. John has a 60% probability of falling sick. When sick, John's income is $2,500. John's utility function is U (I) = . Calculate the utility of John's expected income. Report your answer rounded to one decimal point (e.g. 31.4) | TVDe VOUl' answer... 16 5 points Q Based on the above comparison, do you conclude that John is 0 Risk loving 0 Risk averse 0 Risk neutral 17 5 points 5? Suppose that John purchases an insurance plan that charges a premium of $1,900 and has a payout of $2,400. Calculate John's income when healthy under this insu rance plan. Type you r answer... 18 5 points 3? Suppose that John purchases an insurance plan that charges a premium of $1,900 and has a payout of $2,400. Calculate John's income when sick under this insurance plan. Type you r answer... 5 points Q Calculate John's expected utility of income if insured by this plan. Enter your answer rounded to one decimal point (e.g. 5.6) l

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