Tiffany Ham's Business Is Thriving in Houston, TX

Multiple Choice

Tiffany Ham's business is thriving in Houston, TX. To reward her team, Tiffany is implementing a performance incentive program. Annual Bonuses begin at $5,000 for excellent performance, $3,000 for good performance, and $1,500 for fair performance, and $0 for poor performance.
- The probability levels are 0.10, 0.45, 0.35, and 0.15, respectively. What is the expected value of the annual bonus amount for an employee?

A) $1,875
B) $2,300
C) $2,375
D) $2,325