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  • 5 years ago

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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  1. anonymous
    • 5 years ago
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    Expected value = weighted average Total amount of money given: $22500, total amount of players: 100 Expected value: $225

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