Final score 0.15 technique? Choose the correct answer below 0.86

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Two sport utility vehicles (SUVS) are being considered by a recent engineering graduate. Using the following data evaluate which sport utility vehicle is better. Use six attributes in your analysis: price
point, overall appearance, comfort, safety, reliability, and fuel mileage. Larger scores on overall appearance, comfort, safety, reliability, and fuel mileage are preferred to smaller ones.
Click the icon to view the table with data you have gathered about the SUVS.
Determine attribute weights and use the nondimensional scaling technique to find the resulting set of vehicle scores. Fill in the table below. (Round two decimal places.)
Alternatives
Final score
Which alternative should be chosen using the additive weighting technique? Choose the correct answer below.
Sport utility vehicle 1
Sport utility vehicle 2
More Info
Attribute
Price
Appearance
Comfort
Safety
Reliability
Fuel mileage
SUV 1
0.15
Relative
Rank
3
1
SUV 2
0.86
Alternatives
SUV 1
$27.650
3
3
3
22 mpg
SUV 2
$21,900
5
4
18 mpg
- X
Transcribed Image Text:Two sport utility vehicles (SUVS) are being considered by a recent engineering graduate. Using the following data evaluate which sport utility vehicle is better. Use six attributes in your analysis: price point, overall appearance, comfort, safety, reliability, and fuel mileage. Larger scores on overall appearance, comfort, safety, reliability, and fuel mileage are preferred to smaller ones. Click the icon to view the table with data you have gathered about the SUVS. Determine attribute weights and use the nondimensional scaling technique to find the resulting set of vehicle scores. Fill in the table below. (Round two decimal places.) Alternatives Final score Which alternative should be chosen using the additive weighting technique? Choose the correct answer below. Sport utility vehicle 1 Sport utility vehicle 2 More Info Attribute Price Appearance Comfort Safety Reliability Fuel mileage SUV 1 0.15 Relative Rank 3 1 SUV 2 0.86 Alternatives SUV 1 $27.650 3 3 3 22 mpg SUV 2 $21,900 5 4 18 mpg - X
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Cash Flow
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education