I ONLY NEED NUMBER 3 PLEASE!

1) Jon has a utility function expressed by U(W) = VW where W is Jon's wealth. Currently, Jon has W = $120. He faces potential loss L = $100 with probability p = 0.25. What is Jon's expected utility? 9.2 Question 2 2) Jon wants to purchase insurance against his potential loss. What is the pure premium that would be charged to Jon? (Hint: What is Jon's expected loss?) 6.7 Question 3 3a) If Jon purchases insurance for the pure premium, what is his utility? Jon now pays $25 and the insurance firm will indemnify him for $100 if he experiences the loss. His utility is, therefore: 1) Jon has a utility function expressed by U(W) = VW where W is Jon's wealth. Currently, Jon has W = $120. He faces potential loss L = $100 with probability p = 0.25. What is Jon's expected utility? 9.2 Question 2 2) Jon wants to purchase insurance against his potential loss. What is the pure premium that would be charged to Jon? (Hint: What is Jon's expected loss?) 6.7 Question 3 3a) If Jon purchases insurance for the pure premium, what is his utility? Jon now pays $25 and the insurance firm will indemnify him for $100 if he experiences the loss. His utility is, therefore