Use an Equation to Solve the Problem

question 330

Multiple Choice

Use an equation to solve the problem.
-A tire of a moving bicycle has radius 16 inches. If the tire is making 3 rotations per second, find the bicycle's speed in miles per hour.

• A) 19.7 mph
• B) 5.7 mph
• C) 17.1 mph
• D) 18.6 mph

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Definitions:

Expected Utility

A theory in economics that quantifies how choices are made when the outcomes are uncertain.

Utility

A measure of satisfaction or pleasure that individuals get from the consumption of goods and services.

Risk Premium

The extra return expected by investors for holding a risky asset over a risk-free one, serving as compensation for the additional risk.

Utils

A hypothetical unit of measurement used to quantify satisfaction or happiness derived from consuming goods or services.