A salesperson can put in regular effort resulting in a 40
A salesperson can put in regular effort (resulting in a 40% chance of sale) or high effort (60% chance of sale). If high effort costs the salesperson $20 more than regular effort, how large of a per-sale bonus is needed to encourage high effort?
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a salesperson can put in regular effort resulting in a 40 chance of sale or high effort 60 chance of sale if high
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