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(Table: Income and Utility for Whitney) Look at the Table

Question 84

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(Table: Income and Utility for Whitney) Look at the 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.Whitney's expected utility is:


A) 135 utils.
B) 124 utils.
C) 120 utils.
D) 130 utils.

Correct Answer:

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