Multiple Choice
Use the following to answer question:
-(Table: Income and Utility for Tyler) Use Table: Income and Utility for Tyler.The table 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
Correct Answer:

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Correct Answer:
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