Please do not give solution in image format thanku A company is looking for an athlete to promote its product. The cost of hiring each athlete varies, depending on the athlete. While the company knows that some athletes will naturally increase sales due to their popularity alone, they also know that sales will increase based on the number of games that the athlete's team wins in its next three games. In order for the company to calculate the expected payoff of hiring any given athlete, what information does the company require? • A. the standard deviation of the costs of hiring the athletes • B. confirmation that the payoffs of hiring the athletes are normally distributed • C. confirmation that the sample of athletes and teams is large enough to be representative • D. the probability that the athletes' teams will win one, two, all, or none of their next three games
Please do not give solution in image format thanku
A company is looking for an athlete to promote its product. The cost of hiring each athlete varies, depending on the athlete. While the company knows that some athletes will naturally increase sales due to their popularity alone, they also know that sales will increase based on the number of games that the athlete's team wins in its next three games. In order for the company to calculate the expected payoff of hiring any given athlete, what information does the company require?
• A.
the standard deviation of the costs of hiring the athletes
• B.
confirmation that the payoffs of hiring the athletes are
• C.
confirmation that the sample of athletes and teams is large enough to be representative
• D.
the
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