Question

A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with these probabilities: $10 - .75, $50 - .25. Over many weeks, what is the workers expected weekly bonus?

Answer 1

Given

probabilities: $10 - .75, $50 - .25

Find

The workers expected weekly bonus

Explanation

Based on the given conditions:

10 x 0.75 + 50 x 0.25

= 7.5 + 12.5

= $20

Final Answer

Expected weekly bonus = $20