Assume your automobile insurance policy has a semiannual​ (twice a​ year) premium of ​$650 and carries a ​$1100 annual deductible. In one particularly unfortunate​ year, you have collision repair bills of ​$1130 and ​$1560. a. What is your total​ out-of-pocket expense for insurance and repairs for the​ year? b. What would your total expense have been if you did not have the insurance​ policy?