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Question:

At an intersection, what does this signal mean?

A Pedestrians may enter the crosswalk.
Explaination

Pedestrian signals are only for controlling pedestrian traffic. This signal showing a person walking tells pedestrians that they may enter the crosswalk to cross the roadway. (Older signals had the word "WALK" illuminated instead.) A signal showing an upraised hand tells pedestrians that they may not enter the crosswalk. (Older signals had the words "DONT WALK" illuminated instead.)