Examlex

Solved

Use the Following to Answer Questions

question 45

Multiple Choice

Use the following to answer questions: Use the following to answer questions:   -(Table: Income and Utility for Tyler)  The table Income and Utility for Tyler shows the utility Tyler receives at various income levels, but she does not know what her income will be next year. There is a 40% chance her income will be $20,000, a 40% chance her income will be $30,000, and a 20% chance her income will be $40,000. What is her expected utility in utils? A)  3,270 B)  3,144 C)  3,420 D)  3,480
-(Table: Income and Utility for Tyler) The table Income and Utility for Tyler shows the utility Tyler receives at various income levels, but she does not know what her income will be next year. There is a 40% chance her income will be $20,000, a 40% chance her income will be $30,000, and a 20% chance her income will be $40,000. What is her expected utility in utils?


Definitions:

Related Questions