Use the Following to Answer Questions

question 63

Multiple Choice

Use the following to answer questions:
-(Table: Natasha's Total Utility) Look at the table Natasha's Total Utility. Natasha earns $50,000 per year but faces losing $20,000 of it if she is late with her work. If there is a 25% probability that Natasha will be late with her work and her income will then equal $30,000, her expected income is:

• A) $32,500.
• B) $38,200.
• C) $40,500.
• D) $45,000.