Decision Tree
The salon is considering hiring another person to blow hair. The person would cost the salon an additional $18,000 / year in salary and benefits. If there is high demand, they anticipate making an additional $25,000 in net revenue. If there is low demand, they could lose $10,000 off of last year’s total net revenues. Because the city of Denver is growing, Mr K Joe thinks that there will be a 70% chance of “a lot of customers” and a 30% chance of “fewer customers”. Assume if Mr K doesn’t expand he will have the same revenue as last
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