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:

Deliveries

The act of transporting and handing over goods or messages to their intended recipient.

Girlfriend

A female partner in a romantic relationship.

Injuries

Physical harm or damage to a person's body caused by accidents, violence, negligence, or other external forces.

Independent Contractor

An individual or entity hired to perform work for another entity as a non-employee.