As a researcher, describe in your own words how you would evaluate the reliability of external secondary data before it is used for decision-making
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As a researcher, describe in your own words how you would evaluate the reliability of external secondary data before it is used for decision-making.
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- A recently concluded Kaggle competition had a prize of $60,000 and was about predicting customer satisfaction: Santander Customer Satisfaction Links to an external site.. Download the training and test sets from the Kaggle site and train and validate a decision tree classification model from the Scikit-learn machine learning library. The training and test sets are also provided here - "Santander Customer Satisfaction- TRAIN.csv Download Santander Customer Satisfaction - TRAIN.csv" and "Santander Customer Satisfaction- TEST-Without TARGET.csv"Ji-hu believes in making decisions based on the method of experience. Considering this, which of the following actions would he most likely take? A. He would buy the Lucia espresso machine because surveys of the product show the highest customer approval. B. He would buy the Hellman espresso machine because the choice seems obvious. C. He would buy the Franceso espresso machine because research shows it is the most durable. D. He would buy the Jones espresso machine because he liked his previous machine, which was made by Jones. E. He would buy the Almas espresso machine because his manager highly recommends it.What is the final value of the decision tree?
- True or false .5. There is no good-for-all basis for decision-making.Please Don't use chatgpt or other ai tool. If you know correct answer then attempt if you gave wrong answer then i gave 13 dislikes for you and more from my friends accounts also. This question will be reviewed by Chegg. Which of the following is sometimes called a currently attainable standard? a. par b. normal standard c. theoretical standard d. ideal standardPlease help with correct answers! 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 scrapes data from a collection of websites and then automatically generates a report for management on a daily basis. Time (Weeks) Activity Description ImmediatePredecessor Optimistic Most Probable Pessimistic A Report generation 2 9 13 B Web scraping 5 10 12 C Testing A, B 1 1 1 a) Based solely on the critical path, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.) b) Using all paths through the project network, estimate the probability that the project will be complete within 12 weeks. (Round your answer to four decimal places.)
- What role does quality information play in decision making? Please explain in detail. Define and describe knowledge, information and data in a general sense, as well as providing specific examples for a business of your choiceAre my formulas correct and did I get the correct answer (I get $333,000 as my answer for Maximized Profit)? If not show me how to fix it. Question: Sunblessed Juice Company sells bags of oranges and cartons of orange juice. Sunblessed grades oranges on a scale of 1 (poor) to 10 (excellent). At present, Sunblessed has 220,000 pounds of grade 6 oranges and 150,000 pounds of grade 9 oranges on hand. The aver- age quality of oranges sold in bags must be at least 7, and the average quality of the oranges used to produce orange juice must be at least 8. Each pound of oranges that is used for juice yields a revenue of $2.25 and in- curs a variable cost (consisting of labor costs, variable overhead costs, inventory costs, and so on) of $1.35. Each pound of oranges sold in bags yields a revenue of $2.00 and incurs a variable cost of $1.20. a. Determine how Sunblessed can maximize its profit.Construct a decision tree and answer the following questions: What is the EMV of each decision alternative? Which action should be selected? What is the expected value with perfect information? What is the expected value of perfect information?
- Decision Tree Analysis. You are considering the decision to purchase a machine for internal production or to subcontract the work to an external source. The following information has been provided by your financial managers: Cost to purchase the machine—$35,000 Cost to subcontract the work—$5,000 Probability of a good market = 70% Probability of a poor market = 30% Reward if the prediction occurs: In the purchase machine decision good market scenario—$80,000; in the poor market scenario—$30,000 In the Subcontract decision good market scenario—$50,000; in the poor market scenario—$15,000 1. What is the expected value of the decision to purchase the machine?Internal and external analyses are dynamic. As such, managers should regularly update these analyses to incorporate changes occurring over time. True FalseWhen an organization has historical data from last 5 years. Now management wants to processes these data so they get help in designing new products based on customer and market feedback. Please describe the appropriate technique you want to use to support management decision making.