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What is the minimum job value

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Fast track is a courier service with 100 drivers. The company plans to include a driving test in its recruitment to reduce accident risks. The predictive validity of the driving test is .25 and costs $100 per applicant. The annual turnover rate among drivers is 10% and there are at least 3 applications for each vacancy. What is the minimum job value that will justify the cost of driving test?

Reference no: EM132981384

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