Solved

(Table: Natasha's Total Utility) Look at the Table Natasha's Total

Question 128

Multiple Choice

(Table: Natasha's Total Utility) Look at the table Natasha's Total Utility.Natasha earns $50,000
Per year but faces losing $20,000 of it if she is late with her work.If there is a 25% probability that Natasha will be late with her work and her income will then equal $30,000, her expected income is:


A) $32,500.
B) $38,200.
C) $40,500.
D) $45,000.

Correct Answer:

verifed

Verified

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

Related Questions