Steven W. answered 08/10/16
Tutor
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Physics Ph.D., college instructor (calc- and algebra-based)
Probably waaaay too late to do anyone any good, but this is a case of motional EMF.
When a conductor is moved through a magnetic field, the free charges in the conductor get pushed around, and positive and negative charges end up piling up at opposite ends. This sets up a potential difference across the length of the conductor. Since the velocity is perpendicular to the magnetic field here, the formula for that EMF (voltage) is:
emf = Blv
where
B = (uniform) magnetic field magnitude
l = length of conductor
v = speed of conductor moving through the field
In this case, emf = (5 x 10-5 T)(2 m)(1.5 m/s) = 1.5 x 10-4 V = 0.15 mV... so number 3 is correct.