you need to hire some new employees to staff your

Question

You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them:

                Employee Value                 Probability

                        $50,000                       .25

                        60,000                         .25

                        70,000                         .25

                        80,000                         .25

What is the expected value of employees you hire?