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DSS 210-A marketing firm is considering making up to three

01 / 10 / 2021 Projects

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DSS 210-A marketing firm is considering making up to three

A marketing firm is considering making up to three new hires. Given its specific needs, the management feels that there is a 60% chance of hiring at least two candidates. There is only a 10% chance that it will not make any hires and a 20% chance that it will make all three hires. Find the expected value and the standard deviation of the number of hires. (Round your final answers to 2 decimal places.)



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