Mathematics, 09.08.2021 20:40, loveyeti106838

Suppose you have hired a new worker, unfortunately you do not knowif the worker is a shirker or a hard worker. Suppose working hardraises the probability of making a sale from 40% to 80% (thus raisesthe probability of making a commision C by the same percentage). Ifthe cost of working harder is $200,what commission C should you offerthe worker to provide an incentive to work hard.

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Suppose you have hired a new worker, unfortunately you do not knowif the worker is a shirker or a ha...