The new owner of a beauty shop is trying to decide whether to hire one, two, or
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Question:
The new owner of a beauty shop is trying to decide whether to hire one, two, or three beauticians. She estimates that profits next year in thousands of dollars ?will vary with demand for her services and has estimated demand in three categories low, medium and high
NUMBER OF BEAUTICIANS DEMAND
LOW MEDIUM HIGH
One
Two
Three
If she feels the chances of low, medium, and high demand are ?and ?respectively, what are the expected annual profits for the number of beauticians she will decide to hire?
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