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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 probability of hiring a good candidate and presented their payoffs (in $000 ) as follows: Note: Payoifs in the given table are in thousands of dollars is 000). The expected valies are required below in dollars. Round to the nearest cent where necessary. a) What is the expected value of the optimal decision for Queensway? 5 Queensway has recently subscribed to a premlum package at Finch, an online career site. This package provides Queenswiy with access to candidates that are already rated on Finch. Candidates on Finch are rated F (Favourable) if they have been verified to be top performers, and rated U (Unfavourable) if they have not performed well. b) What is the expected value of the optimal decision for Quetnsway if a candidate is rated Fon Finct? 5 c) What is the expected value of the ogtimal decision for Queensway if a candidato is rated U on Finch? d) Calculase the expectod value with sample informatien (EV with Sy) for this probiem. 5 e) Caiculate the expected value of sample information (EVSi) far this probiem

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