Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
-(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. The expected value of Whitney's income is:

A) $64,000.
B) $80,000.
C) $40,000.
D) $56,000.