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- anonymous

1st Place: $10,000
2nd Place: $5,000
3rd Place: $2,500
4th Place: $1,500
5th Place: $1,000
6th - 10th Place: $500
A golf tournament has 100 players and awards prizes to the first 10 places as shown. What is the expected value for a player in the tournament?

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- anonymous

- jamiebookeater

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- anonymous

Expected value = weighted average
Total amount of money given: $22500, total amount of players: 100
Expected value: $225

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