An online shipping warehouse pays each of its order pickers $250 per day. The anticipated need for order pickers tomorrow is given by the distribution at the top of the next page, and you are trying to decide how many order pickers to ask to come in to work tomorrow. If the number you ask to come in to work is lower than the number you end up needing, you must fill the labor shortfall by paying other employees "time and a half" pay, the equivalent of $375 per day. If you have more pickers than you end up needing, you can use the extra pickers to perform cleanup work. One day's work cleanup work by one person saves you $175 that you would otherwise have to pay to an outside contractor. To maximize your operating profit, how many pickers should you ask to come into work tomorrow? Pickers Needed Probability 6 |18% 7 |19% 23% |17% |10 13% |11 10%

An online shipping warehouse pays each of its order pickers $250 per day. The anticipated need for order pickers tomorrow is given by the distribution at the top of the next page, and you are trying to decide how many order pickers to ask to come in to work tomorrow. If the number you ask to come in to work is lower than the number you end up needing, you must fill the labor shortfall by paying other employees "time and a half" pay, the equivalent of $375 per day. If you have more pickers than you end up needing, you can use the extra pickers to perform cleanup work. One day's work cleanup work by one person saves you $175 that you would otherwise have to pay to an outside contractor. To maximize your operating profit, how many pickers should you ask to come into work tomorrow? Pickers Needed Probability 6 |18% 7 |19% 23% |17% |10 13% |11 10%

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

An online shipping warehouse pays each of its order pickers $250 per day. The
anticipated need for order pickers tomorrow is given by the distribution at the top of
the next page, and you are trying to decide how many order pickers to ask to come in
to work tomorrow. If the number you ask to come in to work is lower than the
number you end up needing, you must fill the labor shortfall by paying other
employees "time and a half" pay, the equivalent of $375 per day. If you have more
pickers than you end up needing, you can use the extra pickers to perform cleanup
work. One day's work cleanup work by one person saves you $175 that you would
otherwise have to pay to an outside contractor. To maximize your operating profit,
how many pickers should you ask to come into work tomorrow?
Pickers Needed Probability
6
|18%
7
|19%
23%
|17%
|10
13%
|11
10%

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