You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value Probability 0.125 $45,000 $60,000 $75,000 $90,000 $105,000 $120,000 $135,000 $150,000 0.125 0.125 0.125 0.125 0.125 0.125 0.125 The expected value of hiring one employee is S Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, is S

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Please give me proper calculation and full explanation otherwose i give multiple downvote

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S
S
You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as
follows, but you can't distinguish among them:
Employee Value
$45,000
$60,000
$75,000
$90,000
$105,000
$120,000
$135,000
$150,000
Probability
0.125
0.125
0.125
0.125
0.125
0.125
0.125
0.125
The expected value of hiring one employee is $
THEME
Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their
employee value.
The expected value of an employee who would apply for the position, at this salary, is $
Transcribed Image Text:S S You need to hire some new employees to staff your startup venture. You know that potential employees are distributed throughout the population as follows, but you can't distinguish among them: Employee Value $45,000 $60,000 $75,000 $90,000 $105,000 $120,000 $135,000 $150,000 Probability 0.125 0.125 0.125 0.125 0.125 0.125 0.125 0.125 The expected value of hiring one employee is $ THEME Suppose you set the salary of the position equal to the expected value of an employee. Assume that employees will not work for a salary below their employee value. The expected value of an employee who would apply for the position, at this salary, is $
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