Use the Following to Answer Questions

question 27

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. Whitney's expected utility is _____ utils.

• A) 135
• B) 124
• C) 120
• D) 130

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Definitions:

Ambient Air

The natural, outdoor air environment surrounding a particular area, not conditioned by heating or cooling systems.

Spring Brake Assembly

A combination of brake parts including a spring mechanism in heavy-duty vehicles for parking or emergency braking.

Hold-Off Diaphragm

The parking brake pancake in an air brake spring brake chamber; must be actuated to release the parking brakes.

Slack Adjuster

A device in air brake systems that adjusts the brakes as they wear to maintain proper brake performance.