Multiple Choice
A shoe salesman working on commission must decide whether to work hard or shirk.Working hard would increase the probability of a sale from 20% to 70% but would cost him $5.If the average price of shoes is $100,what is the minimum commission rate would induce him to work hard?
A) 4%
B) 6%
C) 8%
D) 10%
Correct Answer:
Verified
Correct Answer:
Verified
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