A committee of four people submitted the following statements about the attributes to be used in a weighted attribute evaluation. Use the statements to determine the normalized weights of each attribute if scores are assigned between 0 and 10, with 10 indicating the most important factor. Attribute Statement 1. Flexibility The most important factor 2. Safety 50% as important as uptime 3. Uptime One-half as important as flexibility 4. Speed As important as uptime 5. Rate of return Twice as important as safety
A committee of four people submitted the following statements about the attributes to be used in a weighted attribute evaluation. Use the statements to determine the normalized weights of each attribute if scores are assigned between 0 and 10, with 10 indicating the most important factor. Attribute Statement 1. Flexibility The most important factor 2. Safety 50% as important as uptime 3. Uptime One-half as important as flexibility 4. Speed As important as uptime 5. Rate of return Twice as important as safety
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A committee of four people submitted the following
statements about the attributes to be used in a
weighted attribute evaluation. Use the statements
to determine the normalized weights of each attribute
if scores are assigned between 0 and 10, with
10 indicating the most important factor.
Attribute Statement
1. Flexibility The most important factor
2. Safety 50% as important as uptime
3. Uptime One-half as important as flexibility
4. Speed As important as uptime
5.
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