Multiple Choice
-Gunnar can work as a campus security officer at a guaranteed salary of $20,000 per year or as a real estate agent. If Gunnar works as a real estate agent, there is a 50 percent chance that he will earn $10,000 per year and a 50 percent chance that he will earn $30,000 per year. Based on the table above, Gunnar's expected utility if he works as a real estate agent is
A) 170.
B) 85.
C) 20.
D) 90.
Correct Answer:

Verified
Correct Answer:
Verified
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