Five Customers Needing Their Tax Returns Prepared Must Be Assigned

question 22

Essay

Five customers needing their tax returns prepared must be assigned to five tax accountants.The estimated profits for all possible assignments are shown below.Only one accountant can be assigned to a customer,and all customers' tax returns must be prepared.What should the customer-accountant assignments be so that estimated total profit is maximized? What is the resulting total profit?
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Definitions:

Business Majors

Students specializing in business-related courses or disciplines in a college or university.

Dot Plot

A graphical device that summarizes data by the number of dots above each data value on the horizontal axis.

Statistics Classes

Statistics classes are academic courses focused on teaching the principles, methods, and applications of statistical analysis.

Relative Frequency Distribution

A representation of the number of times each value occurs relative to the total number of observations.