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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 0.25
$69,000 0.25
$88,000 0.25
$107,000 0.25
The expected value of hiring one employee is
Answers: 3
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You need to hire some new employees to staff your startup venture. You know that potential employees...
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