In 1897 a Large Ferris Wheel Was Built in Vienna;

question 16

Multiple Choice

In 1897 a large Ferris wheel was built in Vienna; it is still in operation today. Known as The Great Wheel , it has a circumference of 618 feet. If one trip around the circumference of the wheel took 15 minutes, find the average speed of a rider in feet per minute.

• A)39.5 feet \ minute
• B)45.5 feet \ minute
• C)42.9 feet \ minute
• D)43.7 feet \ minute
• E)41.2 feet \ minute

Understand the concept of utility and how it relates to income.

Learn the principles of risk assessment in financial decisions.

Identify the characteristics of risk-averse, risk-neutral, and risk-loving behaviors.

Calculate expected utility to make informed decisions in uncertain situations.