What is the expected value of employees you hire

Reference no: EM13125399

You need to hire some new employees to staff your startup 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

80,000 .25

What is the expected value of employees you hire?

Reference no: EM13125399

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