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An Investment firm offers free financial planning seminars at major hotels for groups of 30 individuals. Each seminar costs them $4,000 and the average first-year commission for each new enrollment is $6,000. The firm estimates that for each individual attending the seminar, there is a 0.05 probability that he/she will enroll.
a. Calculate the expected profit per seminar.
b. Would you recommend the investment firm to continue running the seminars? True or False
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