ave Answer An organization is in the process of deciding how much technical pers

Question

ave Answer An organization is in the process of deciding how much technical personnel should be hired for its new branch in Caguas, PR. The amount hired will depend on the weekly demand of the organization's services. Based on a prior experience of a similar branch, the demand is expected to be as shown in Table 1. The organizations conducted a Monte Carlo Simulation experiment and ten replications resulted in the generation of the random numbers shown in Table 2. Each multiple of 25 weekly-demand' requires that the organizations hires a technical person (For example, if weekly-demands ends up being 175, then seven technical personnel will be required). Based on these results, explain how much technical personnel should be hire.

Explanation / Answer

So total number of techinical personnel to hire is 110.

Weekly demand Probability Cumulative Probability 0 0 0 100 0.15 0.15 125 0.35 0.5 150 0.2 0.7 175 0.15 0.85 200 0.15 1

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