Question: please explain how it got 5304.034 I got wrong it's math problem from economic class Question 3 0 / 2 pts Assume an individual has

please explain how it got 5304.034 I got wrong it's math problem from economic class

please explain how it got 5304.034 I got wrong it's math problem

Question 3 0 / 2 pts Assume an individual has income of $100,000 and a 10% chance of incurring a $75,000 accident. The utility function is represented by U = Ci. Compute expected utility if the individual purchased actuarial fair and full insurance. You Answered 10,000 Correct Answers 5,304.034 (with margin: 0.1)

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