Solved

Speeding in the Town of Chanceville Traditionally Results in a $300

Question 224

Multiple Choice

Speeding in the town of Chanceville traditionally results in a $300 fine.The judge at the traffic court,however,decides to change the policy.People found guilty of speeding have the choice of paying the $300 fine or spinning a wheel.There is an 80% chance that the needle on the wheel will land on a $400 fine and a 20% chance that the needle will land on "No Fine." The city leaders of Chanceville probably will _____ this new policy because _____.


A) oppose;it will result in a 20% loss in revenue
B) oppose;it will result in an 80% loss in revenue
C) support;most people will pay an average fine that is $20 higher
D) be indifferent about;most people will continue to pay the $300 fine instead of take a risk

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions