25.
Poor | Avg | Good | EV | |
Alternative-1 | 31 | 31 | 24 | 28.9 |
Alternative-2 | 10 | 23 | 17 | 18.6 |
Alternative-3 | 29 | 20 | 13 | 19.7 |
Alternative-4 | 15 | 27 | 19 | 22.2 |
Probability | 0.2 | 0.5 | 0.3 |
So, Alternative-1 is the best
3.
Average (overall) = (100+175+225+135)/4 = 158.75
So, Qtr-3 index = 225/158.75 = 1.417
16.
Totals of frequency = 7+11+6+3+1 = 28
Prob(Sales=90) = 7/28 = 0.25
Prob(Sales=200) = 11/28 = 0.3829
So, PRob(Sales <= 2000 = Prob(Sales=90) + Prob(Sales=200) = 0.25 + 0.3829 = 0.64
17.
EVUPI = 0.4 * Max payoff for Good + 0.6 * Max payoff for Bad = 0.4*9.6 + 0.6*11.4 = 10.68
14.
Forecast of period-3 = Actual of period-2 = 11.5
So, error = Actual of period-3 - Forecast of period-3 = 4.6 - 11.5 = -6.9
So, absolute error = |-6.9| = 6.9
Time Left Question 25 11 point) Bases on the EVU method, which decision alternative would you...
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