You may need to use the appropriate technology to answer this question.Management Decision Systems (MDS) is a consulting company that specializes in the development of decision support systems. MDS has a four-person team working on a current project with a small company to set up a system that scrapesdata from a collection of websites and then automatically generates a report for management on a daily basis.Time (Weeks)ActivityABсDescriptionReport generation5Web scrapingTestingimg20230305_11125728.pdfImmediatePredecessorA, BOptimistic141(a) Construct the project network. (Submit a file with a maximum size of 1 MB.)Choose File No file chosenMost Probable891Pessimistic12(d) Should you use the estimate in (b) or (c)?O The probability estimate from (b) based on the critical path is more accurate.The probability estimate from (c) based on both paths is more accurate.O The probability estimates from (b) and (c) are equal.111(b) Based solely on the critical path, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)0.9088X(c) Using all paths through the project network, estimate the probability that the project will be complete within 11 weeks. (Round your answer to four decimal places.)0.8303X

Answered: Management Decision Systems (MDS) is a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Here are the errors associated with a particular forecast over the past five months, in chronological order: 2, 5, 0, -5, -10. Which of the following statements is (are) true? I. The forecast was too high during the fifth month. II. The mean error over these five months is -2. III. The forecast was perfectly accurate during one of the months. a. I only Ob. Il only O. Il only d. I and III Oe.I, Il and II
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Letz Products has two decisions to make, with the second decision dependent on the outcomeof the first. The company intends to build a new plant. Letz has the option of conducting itsown marketing research survey for which the results will either be positive or negative. Theinformation from this survey could help it decide whether to build a large plant, to build a smallplant, or not to build at all. Letz recognizes that although such a survey will not provide it withperfect information, it may be extremely helpful. Using the image explain to your client (Letz) what the above decision tree shows. You arerequired to show all working.
Don't need full work
20. As defined, decision making involvesA) EliminatinguncertaintyB) LeadershipC) InformationtechnologyD) ChoosingE) Overcoming fears
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true or false 8.Influence diagrams cannot be regarded as a method for eliciting decision trees.
Prompt 1: In the healthcare industry, everything is measured. From drip rates to dosages, it seems as though numbers are everywhere. But how does this reflect the care given to the patients? Which type of data (qualitative or quantitative) do you think yields the most information? Why? Which type of data (qualitative or quantitative) is most effective for forecasting future trends? Why? Which practices can a healthcare manager use to ensure that the data used for forecasting trends is accurate? Provide examples of data evaluation in different types of facilities. Provide examples of data evaluation for different types of issues, such as billing or loss of revenue.
How does predictive analytics being applied in TikTok? Please explain
3. You are a marketing manager for a food products company, considering the introduction of a new brand of organic salad dressings. You need to develop a marketing plan for the salad dressings in which you must decide whether you will have a gradual introduction of the salad dressings (with only a few different salad dressings introduced to the market) or a concentrated introduction of the salad dressings (in which a full line of salad dressings will be introduced to the market). You estimate that if there is a low demand for the salad dressings, your first year’s profit will be $1 million for a gradual introduction and million (a loss of $5 million) for a concentrated introduction. If there is high demand, you estimate that your first year’s profit will be $4 million for a gradual introduction and $10 million for a concentrated introduction. The payoff table for the organic salad dressings marketing is given as follows: Low Demand High Demand Gradual 1…
44. A new car dealership is considering opening branches in three of the largest cities in the state. As the expansion will require the hiring of new employees, the owners want to make sure that future customer demand for cars will be stable. Which factor in human capital planning would be important in this scenario? A.Competitor forecasts B.Interest rates forecasts C.Economic forecasts D.Production forecasts
Which of the following is important if forecasting is to have the desired positive effect on decisions? A. Communication between forecast staff and managment B. Ranges of forecast are reported to managment C. Forecast combination is examined D Forecast presentations should not be overly technical unless managment desires E All of the above Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

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