Refer to the Data Provided in Table 17 -Refer to Table 17

question 54

Multiple Choice

Refer to the data provided in Table 17.3 below to answer the following question(s) . The table shows the relationship between income and utility for Terri.
Table 17.3
$$\begin{array} { | r | c | } \hline \text { Income } & \text { Total Utility } \\\hline \$ 0 & 0 \\\hline \$ 20,000 & 10 \\\hline \$ 40,000 & 25 \\\hline \$ 60,000 & 45 \\\hline \$ 80,000 & 75 \\\hline\end{array}$$
-Refer to Table 17.3. Suppose Terri has a 25% chance of becoming disabled in any given year. If she does become disabled, she will earn $0. If Terri does not become disabled, she will earn her usual salary of $80,000. Terri has the opportunity to purchase disability insurance which will pay her her full salary in the event she becomes disabled. How much would such an insurance policy be worth to Terri?

• A) $0
• B) less than $20,000 but more than $0
• C) $20,000 or more
• D) indeterminate from the given information

---

Definitions:

Sales Sequence

Sales Sequence involves the steps or stages in a sales process, from initial contact with a potential customer to closing the sale, designed to maximize effectiveness and efficiency.

Online and Distance Education

Educational programs that are delivered remotely, allowing students to access learning materials from any location via the internet.

Class Interaction

The dynamic and reciprocal communication and activities between instructors and students within a learning environment.

Discussion Boards

Online platforms where individuals can post messages, share opinions, and discuss various topics in a structured or unstructured manner.