Question: Supposed utility function: My car is worth 8400.00. There is a 5% chance that if the car has a road accident, that reduces the value

Supposed utility function: My car is worth 8400.00. There is a 5% chance that if the car has a road accident, that reduces the value of the car to 2500.00. I want to buy car insurance. What is the expected value of my car? What is my expected utility from the car? What is my certainty equivalent? How much am I willing to pay for insurance? Please help with the above questions

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