A decision matrix with cost data is given below:Find the best alternative using:(i)Minimum criterion (ii) minimum criterion (iii) minimum regret criterionStades of NatureS3AlternativesS1S2S4a1138a22547a34a48353.

Answered: Image /qna-images/answer/42db4c28-598c-49e3-b787-bd87c9fc3533.jpg

Answered: A decision matrix with cost data is…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

You wish to assess whether Los Angeles has an equitable distribution of police services among its precincts compared to nearby cities. You theorize that if police resources are distributed equitably, average response times for emergency calls should be fairly similar from one precinct to another within the city. On the other hand, if response times are much higher in some precincts than others, police resources are probably not distributed as equitably as possible. You decide to compare the City of LA to the other cities in the rest of LA County. You are hypothesizing about differences in the mean between the City of LA and other cities. State in plain English the null and research hypotheses for this study.
A sample of size 50 will be drawn from a population with mean 76 and standard deviation 14. Find the 69th percentile of x.
not use ai please
Beagle Clothiers uses a weighted score for the evaluation and selection of its suppliers of trendy fashion garments. Each supplier is rated on a 10-point scale (10 = highest) for four different criteria: price, quality, delivery, and flexibility (to accommodate changes in quantity and timing). Because of the volatility of the business in which Beagle operates, flexibility is given twice the weight of each of the other three criteria, which are equally weighted (the sum of the four weights equals 1). The table shows the scores for three potential suppliers for the four performance criteria. Supplier A Supplier decimal place.) Criteria 1. Price 2. Quality 3. Delivery 4. Flexibility Based on the highest weighted score, which supplier should be selected? should be selected, with a total weighted score of 6 7 5 co C Rating Supplier B Supplier C 8 9 8 6 8 7 5 8 6 (Enter your response rounded to one
Based on the following sensitivity report, what would be the impact of changing the constraint right-hand side for Resource_A to 61 and, at the same time, changing the constraint right-hand side for Resource_C to 590? Variable Cells Final Objective Coefficient Allowable Allowable Cell Name Value Reduced Cost Increase Decrease $B$2 $B$3 $B$4 Product 1 -2 2 1E+30 Product 2 175 1Е+30 1 Product 3 -1.5 1.5 1E+30 Constraints Final Shadow Constraint Allowable Allowable Cell Name Value Price R.H.Side Increase Decrease $H$9 Resource A 100 1E+30 30 $H$10 $H$11 Resource B 525 800 1E+30 320 Resource C 700 1.75 700 330 140 Applying the 100% rule, because the total change in the constraint right-hand sides 10
I need correct handwritten solution
Westminster Financial has released a summary of investor and investment package information from the past fiscal year. During this time, Westminster provided a choice among 12 pre-designed investment packages. The investment packages were classified according to two variables: riskiness of investment package chosen ("Risky", "Moderate/mixed", and "Conservative") and age of investor ("Under 35", "35-49", or "50+"). Suppose that we're interested in the possible relationship between the age of the investor and the riskiness of the investment package the investor chose. The following contingency table gives a summary of the information released by Westminster regarding age and riskiness of investment package for 150 investors. In the cells of the table are the respective observed frequencies, and three of the cells also have blanks. Fill in these blanks with the frequencies expected if the two variables, riskiness of investment package chosen and age of investor, are independent. Round…
Thompson and Thompson is a steel bolts manufacturing company. Their current steel bolts have a mean diameter of 132 millimeters, and a variance of 64. If a random sample of 39 steel bolts is selected, what is the probability that the sample mean would be greater than 128.2 millimeters? Round your answer to four decimal places. Answer How to enter your answer (opens in new window) Keypad Keyboard Shortcuts Tables
Mrs Moore is a agriculturalist and would like to drill for water on her farm. She needs water for irrigation and estimates the benefits of having a successful borehole as $2.0m. However, there is only a 10% chance that she will strike water if she drills and the cost of drilling is $100 000. The alternative is not to drill at all, in which case the benefit will be zero. Draw a decision tree to represent the problem. Should Mrs Moore go ahead and drill? There is another agriculturalist in a nearby state who claims to have supernatural powers to indicate underground water sources. However, he charges a fee and also travel cost. What is the most Mrs Moore should pay for the services? Before Mrs Moore drills, she could also consult a geologist who can assess the promise of the piece of land. He can tell her whether the prospects are “good” or “poor.” But he is not a perfect predictor. If there is water, the conditional probability is 0,95 that he will say that prospects are good. If…
Cyberdyne Systems creates a Professional version of its machine learning software. By disabling some of the features in the Professional version it can create a Home version. Both versions have zero marginal cost. Cyberdyne Systems faces two customer segments which it cannot distinguish between and each is interested in buying at most one version. The RPs of each segments for each version are displayed below. Business Home Buyers Professional Version | Home Version Segment Size $20 $10 30 70 $80 $20 Each customer will choose the software that gives her the highest surplus. 3. Now suppose that Cyberdyne has a competitor who also sells a product, which is an alter- native to Cyberdyne's. The Business customers have an RP of $10 for this product, while Home Buyers have an RP of $15. The competitor firm is selling its product for a price of $10 and will not change it regardless of Cyberdyne's actions. What prices should Cyberdyne set to maximize revenue? You may assume that customers will…
Question The craft vendors in Grand Anse, St. George's, Grenada are to be relocated into one large mega-craft market that can hold the majority of vendors. The idea is that the several locations are too dispersed and cause friction when cruise ship visitors and all-inclusive guests are to be entertained. There is a great deal of controversy about the optimal location. The Minister of Tourism commissioned a study and four competing locations were examined. The data in the payoff table shows the possible value of revenue ($000) to the different locations per week under three scenarios. Future Growth Conditions Mall Site Stable Moderate High 1 2,500 2,500 2,510 2 2,430 2,510 2,710 3 1,140 2,100 3,200 4 1,460 2,180 3,050 Which site would be selected if the decision makers used the: (a) LaPlace criterion? (b) Maximin criterion? (c) Maximax criterion?
Exercise 2. Marginal and Conditional Relationships can be Very Different. For 100 mild cases of eczema, a new treatment had a higher cure rate than the old treatment (33.3% of 90 vs. 20% of 10). For 100 severe cases of eczema, again the new treatment had a higher cure rate than the old treatment (60% of 20 vs. 50% of 80). Over all 200 eczema cases, however, the old treatment had a higher cure rate than the new treatment- i.e. Simpson's Paradox strikes again. (a) Compute the overall cure rates for the new and old treatments. (b) Which treatment, old or new, would you choose and why?

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS

A decision matrix with cost data is given below: Find the best alternative using: (i)Minimum criterion (ii) minimum criterion (iii) minimum regret criterion Alternatives Stades of Nature S1 S2 S3 S4 a1 3 5 a2 2 5 4 a3 4 3 a4 6 8 3 00