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A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 60% chance of
A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 60% chance of hiring at least two candidates. There is only a 7% chance that it will not make any hires and a 10% chance that it will make all three hires.
Find the expected value
(Round intermediate calculations to at least 4 decimal places. Round your final answers to 2 decimal places.)
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