X C Vic G Co G Co C Qu C Qu G Ins G Ins Pu C Se C Vic |C Qu C Vic G wh G act a An D Ec G ho & Mi D EX| Pu| 14 G pa * Ho + X F- C canvas.eee.uci.edu/courses/21630/quizzes/73104/take ABP ES UCI Canvas D Question 2 4 pts Account Victoria has $4000 to put toward consumption this month. She believes there is a 30% chance she will have a bike accident this month, in which case she will incur medical costs of $3000 (leaving her with Dashboard $1000 to put toward consumption). Victoria's utility over consumption is given by U = c0.8 Courses where c is consumption (in dollars). In the absence of any insurance, the expected value of Victoria's 1888 consumption this month is $ 3100 . In the absence of any insurance, the expected Calendar utility Victoria receives from her consumption this month is 608 utils (enter only Inbox numbers in the blanks, and please round to the nearest whole number if necessary). ? Help D Question 3 2 pts Consider Victoria from the previous question. What is the actuarially fair premium for $3000 worth of insurance coverage to be paid in the event she has a bike accident this month? (enter only a number in the blank, and please round to the nearest whole number if necessary). Hint: This question is asking for the actuarially fair premium amount in dollars, not the actuarially fair premium share of the insurance coverage (i.e., $bX from class, not b). K 900 Type here to search N ENG 24 1:14 2020-02-07 E