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(Table: Income and Utility for Tyler) the Table Income and Utility

Question 153

Multiple Choice

(Table: Income and Utility for Tyler) The table Income and Utility for Tyler 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?


A) 3,270 utils
B) 3,144 utils
C) 3,420 utils
D) 3,480 utils

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