A company wants to give a bonus to its sales staff based on

Last updated: 7/27/2022

A company wants to give a bonus to its sales staff based on the total sales. The amount and probability of employee's sales amounts is given in the table below. Calculate the expected value of an employee's sales. Sales Probability $300 0.5 $400 0.3 $500 0.2 $370 $320 $123 $1,200