**Supplier Selection Using Weighted Scores**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 below shows the scores for three potential suppliers for the four performance criteria.#### Rating Table for Suppliers| **Criteria** | **Supplier A** | **Supplier B** | **Supplier C** ||--------------|----------------|----------------|----------------|| 1. Price | 6 | 8 | 9 || 2. Quality | 7 | 8 | 6 || 3. Delivery | 5 | 7 | 8 || 4. Flexibility| 8 | 5 | 6 |Based on the highest weighted score, which supplier should be selected?**Detailed Explanation:**In the given table, we have four criteria by which each supplier is evaluated: Price, Quality, Delivery, and Flexibility. Each criterion has a different weight. Since flexibility is given twice the weight of the other criteria, it is crucial to calculate the weighted scores accordingly. To find out which supplier should be selected, the weighted scores for each supplier across all criteria need to be calculated:1. **Determining the Weights:** - Let's denote the weight of Price, Quality, and Delivery as W. - Since Flexibility is given twice the weight, its weight will be 2W. - The sum of weights is 3W (from Price, Quality, Delivery) + 2W (from Flexibility) = 1. - Thus, 5W = 1. - W = 1/5 = 0.2. - The weight for Flexibility = 2W = 0.4.2. **Calculating Weighted Scores:** - For **Supplier A**: - Price: 6 * 0.2 = 1.2 - Quality: 7 * 0.2 = 1.4

In order to determine the correct supplier selection, we need to adjust the weights so that they add…

Answered: Beagle Clothiers uses a weighted score…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter1: Expressions And Functions

Section1.5: Descriptive Modeling And Accuracy

Problem 11PPS

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Profitability remains a challenge for banks and thrifts with less than $2 billion of assets. The business problem facing a bank analyst relates to the factors that affect return on assets (ROA), an indicator of how profitable a company is relative to its total assets. Data collected from a sample of 88 community banks include the ROA (%), the efficiency ratio (%), as a measure of bank productivity (the lower the efficiency ratio, the better), and total risk-based capital (%), as a measure of capital adequacy. Use the accompanying multiple linear regression results to complete parts (a) and (b) below. Variable Coefficient Standard Error t Statistic p-value Intercept −0.21762 0.39401 −0.55 0.5822 Efficiency Ratio, X1 0.01443 0.00498 2.90 0.0048 Risk-Based Capital, X2 0.04002 0.01034 3.87 0.0002 Determine the p-value for X1. p-value=________ (Type an integer or a decimal. Do not round.)
Profitability remains a challenge for banks and thrifts with less than $2 billion of assets. The business problem facing a bank analyst relates to the factors that affect return on assets (ROA), an indicator of how profitable a company is relative to its total assets. Data collected from a sample of 88 community banks include the ROA (%), the efficiency ratio (%), as a measure of bank productivity (the lower the efficiency ratio, the better), and total risk-based capital (%), as a measure of capital adequacy. Use the accompanying multiple linear regression results to complete parts (a) and (b) below. Variable Coefficient Standard Error t Statistic p-value Intercept −0.21762 0.39401 −0.55 0.5822 Efficiency Ratio, X1 0.01443 0.00498 2.90 0.0048 Risk-Based Capital, X2 0.04002 0.01034 3.87 0.0002 a. Construct a 95% confidence interval estimate of the population slope between ROA and efficiency…
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