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You have 500 applicants and 350 job openings. The validity of your proposed test, the Reilly Statistical Logic test is .40, and the test costs $20 per applicant to administer. You have 1,000 current employees, 800 of whom are satisfactory. The salary for the position is $70,000, and the typical employee stays for about four years. Currently, you are using the Tribble Math Test with a validity of .30 that costs $25 per applicant to administer. Be sure to show your calculations for the following questions.
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