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Barry is offered two jobs. Job A pays $800 per week and Job B pays based on commission. Research indicates that for Job B employees
Barry is offered two jobs. Job A pays $800 per week and Job B pays based on commission. Research indicates that for Job B employees make (per week) $1100 20% of the time, $800 60% of the time, and $750 20% of the time. Which job should Barry choose? Explain your answer thoroughly. 4. Have you ever wondered how companies like Amazon can afford to offer free trial subscriptions for a period of time? Suppose 100 people sign up for a 1-month free trial on Hulu in January, which costs the company $5 per person. At the end of the first month 80 people cancel their subscription, but 20 people keep it for the next 4 months, paying $12 per month for the subscription. What is Hulu's expected value for each of the 100 subscriptions
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