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Business, 29.12.2020 14:00 makiahlynn3642

2.A business graduate wants to get a job in any one of the top 10 accounting firms. Applying to any of these companies requires a lot of effort and paperwork and is therefore costly. She estimates the cost of applying to each of the 10 companies and the probability of getting a job offer there. These data are tabulated below. The tabulation is in the decreasing order of cost. Company 12345678910 Cost $870 $600 $540 $500 $400 $320 $300 $230 $200 $170 Probability 0.38 0.35 0.28 0.20 0.18 0.18 0.17 0.14 0.14 0.08 If she is willing to spend $1,500, to which companies should she apply to maximize her chances of getting at least one job?

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