Use the Following to Answer Question

question 71

Multiple Choice

Use the following to answer question:
-(Table: Income and Utility for Whitney) Use Table: Income and Utility for Whitney.Whitney's income next year is uncertain: there is a 40% probability she will make $40,000 and a 60% probability she will make $80,000.The expected value of Whitney's income is:

• A)$64,000.
• B)$80,000.
• C)$40,000.
• D)$56,000.

---

Definitions:

Objective Questions

Questions designed to have a clear, correct answer without room for opinion.

Note Cards

Small cards used for recording information for study, presentations, or personal organization; they can be physical cards or digital equivalents.

Full Credit

The full recognition or acknowledgement given for completing a task or meeting all the requirements of an assignment, often used in educational contexts.

Instructions Completely

Following all directions or orders fully without omission for optimal understanding and execution of tasks.