Multiple Choice
Use the following to answer questions:
-(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 in utils?
A) 3,270
B) 3,144
C) 3,420
D) 3,480
Correct Answer:

Verified
Correct Answer:
Verified
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