Your employees make $20 per hour and work 2000 hours per year. Suppose that your employees can get an outside offer of $30 per hour for 2000 hour per year. Consider just 1 period. You do not know if the employees have a high moving cost ($40,000) or low ($35,000). The cost for your organization to lose an employee amounts to $500,000.

Find the maximum probability of the employees having a high cost of moving such that the employer will choose to match the outside offer.