Criterion scores for the five alternative locations

Assignment Help Basic Statistics
Reference no: EM132483847

McKenna Restaurant wishes to open a new facility. The weights for the four criteria are as follows: A = 30, B = 10, C = 20, and D = 40. The criterion scores for the five alternative locations are below:

                ALTERNATIVES

CRITERION            1        2       3      4      5

A                   8        5       3       7      5

B                   7        3       6       6      4

C                    2        4       5       3      3

D                   4        5       2       3      8

a. Based on the weights and scores above, where should the new facility be located?

b. If all of the weights were the same, would your answer change?

Reference no: EM132483847

Questions Cloud

For what output range would a be preferred : a. For what output range would A be preferred? b. For what output range would B be preferred?
What is the initial investment in the product : Depreciated over 4 years to a salvage value of zero using straight-line depreciation, and the firm's tax rate is 40%, what are the project cash flows in year
Calculate the coordinates for the central location : Calculate the coordinates for the central location for this warehouse.
Percentage of standardized test scores : A certain standardized? test's math scores have a? bell-shaped distribution with a mean of 515 and a standard deviation of 119
Criterion scores for the five alternative locations : The weights for the four criteria are as follows: A = 30, B = 10, C = 20, and D = 40. The criterion scores for the five alternative locations are below:
Advantages and disadvantages of decomposition method : What is each term of the Hodrick-Prescott objective function and discuss a few advantages and disadvantages of this decomposition method.
What will the cash flows for the project be : It expects net working capital to increase by $100,000 at the beginning of the project. What will the cash flows for this project be?
Is a good investment for the bank : Payments of $2,000 a month for 15 years. The borrower is B+ credit. Your desired rate of return is 7.5% for B+ credit. Is a good investment for the bank?
What is the critical t value that the researcher : What is the critical t value that the researcher will be using to construct the interval?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Identify the null hypothesis and alternative hypothesis

(a) Identify the null hypothesis and alternative hypothesis. (b) Determine the test statistic. Show work.

  Confidence interval to estimate

Assuming x is normally distributed, use the following information to compute a 90% confidence interval to estimate.

  Test the hypothesis for average price

Test the hypothesis that the average price is higher than $1.87. Use level of significance α = 0.05.

  Probability that interviews with 500 people would yield 320

If the public relations agency's claim is correct, what is the probability that interviews with 500 people would yield 320 or fewer who felt the company was an industry leader?

  Find the expected number of games played

Calvin and Hobbes play a match consisting of a series of games, where Calvin has probability p of winning each game (independently).

  Describe the distribution of cycle lengths

Describe the distribution of cycle lengths with a histogram and numerical summaries. In particular, how much variation is there among locations?

  Characterize the shape of the data

About how many music CDs do you own? Responses to this question for 24 students in a senior-level statistics course in 1999 follow.

  Interpretation of regression coefficients and estimation

In a regression analysis involving 30 observations, the following estimated regression equation was obtained.

  Is the alternative hypothesis independent or dependent

a researcher wishes to determine whether happiness and marital status are dependent from one another. the table below

  Population mean on the basis of the sample mean

Estimating the value of the population mean on the basis of the sample mean alone produces a(n):

  Making a regression model

Develop a regression model that could be used to predict the final average in the course based on the first test grade. Predict the final average of a student who made an 83 on the first grade.

  One characteristic of nonparametric tests is that they make

1. one characteristic of nonparametric tests is that they make few if any assumptions about the populations being

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd