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Question 71

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Use the following to answer question: Use the following to answer question:   -(Table: Income and Utility for Whitney) Use 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.The expected value of Whitney's income is: A) $64,000. B) $80,000. C) $40,000. D) $56,000.
-(Table: Income and Utility for Whitney) Use 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.The expected value of Whitney's income is:


A) $64,000.
B) $80,000.
C) $40,000.
D) $56,000.

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