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anonymous
 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?
anonymous
 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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anonymous
 5 years ago
Best ResponseYou've already chosen the best response.0Expected value = weighted average Total amount of money given: $22500, total amount of players: 100 Expected value: $225
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