What is the expected value of employees you hire

Reference no: EM13203203

You need to hire some new employees to staff your start-up venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them:

Employee Value Probability
$50,000 .25
$60,000 .25
$70,000 .25
$80, .25

What is the expected value of employees you hire?

Reference no: EM13203203

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