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The hiring process at Queensway Staffing Agency is great, but far from perfect, Good candidates are sometimes rejected and bad ones sometimes hired. Since the

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The hiring process at Queensway Staffing Agency is great, but far from perfect, Good candidates are sometimes rejected and bad ones sometimes hired. Since the agency earns profits from hiring good candidates, they also incur losses when they hire a candidate that is fired within 6 months or when they fail to hire (reject) a good candidate. They used relative frequency to determine the probabisy of hiring a good candidate and presented their payotts (in $000 ) as follows: Note: Payoffs in the given table are in thousand dollars. The expected values required below are in doliars. a) The expected monetary value of Hire is $ b) The expected monetary value of Reject is S c) Using the expected valie approach, is Queensway more likely to hire or reject a candidate? d) If Queensway could know if a candicate is Good or Bad with certainty, what is the expected value of that information

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