Use the Following to Answer Question

question 162

Multiple Choice

Use the following to answer question:
-(Table: Income and Utility for Tyler) Use Table: Income and Utility for Tyler.The table shows the utility Tyler receives at various income levels,but she does not know what her income will be next year.There is a 40% chance her income will be $20,000,a 40% chance her income will be $30,000,and a 20% chance her income will be $40,000.What is her expected utility in utils?

• A)3,270
• B)3,144
• C)3,420
• D)3,480

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Definitions:

Union Victory

The term refers to the triumph of the Northern states, the Union, over the Confederate states in the American Civil War, leading to the preservation of the United States and the abolition of slavery.

Slavery

A system in which individuals are owned by others, deprived of personal freedom, and forced to perform labor or services against their will.

Pickett's Charge

A significant assault led by Confederate General George Pickett during the Battle of Gettysburg in the American Civil War.

Major General George Pickett

A Confederate army officer best known for leading Pickett's Charge, a major assault during the Battle of Gettysburg in the American Civil War, which resulted in a significant defeat for the Confederacy.