Use the Following to Answer Questions

question 143

Multiple Choice

Use the following to answer questions:
-(Table: Income and Utility for Whitney) Look at the 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:

Group Membership

The state or condition of being a part of a group, organization, or community, often associated with shared objectives or characteristics.

Self Competency

The capability to comprehend and regulate one's own abilities, feelings, and actions efficiently.

Personality

Encompasses the characteristic patterns of thoughts, feelings, and behaviors that make a person unique.

Emotional Stability

A personality trait that denotes the ability to remain calm and composed under stress, and to recover quickly from upsetting events.