Janice Gould of Krebs Consulting is in the process of making a recommendation to a client regarding the corporate-wide purchase of an analytical software platform. She has made the following estimates on management’s most important performance criteria and has rated three Software packages across these criteria. Rating PerformanceCriterion FactorWeight SoftwareA SoftwareB SoftwareC Functionality 25 9 8 9 Vendor reliability 10 7 5 9 Compatibility withcurrentsystems 20 6 8 6 Maintenance & support 10 5 5 8 Total cost 25 4 8 5 Speed ofimplementation 10 8 4 7 a. Which software platform would you recommend?b. Assume that the client changes their mind and now argues that the maintenance and support criterion is already accounted for by the total cost criterion. Further, the client asks Ms. Gould to drop maintenance and support and add its factor weight to total cost. Will this client request alter the recommendation?

Janice Gould of Krebs Consulting is in the process of making a recommendation to a client regarding the corporate-wide purchase of an analytical software platform. She has made the following estimates on management’s most important performance criteria and has rated three Software packages across these criteria. Rating PerformanceCriterion FactorWeight SoftwareA SoftwareB SoftwareC Functionality 25 9 8 9 Vendor reliability 10 7 5 9 Compatibility withcurrentsystems 20 6 8 6 Maintenance & support 10 5 5 8 Total cost 25 4 8 5 Speed ofimplementation 10 8 4 7 a. Which software platform would you recommend?b. Assume that the client changes their mind and now argues that the maintenance and support criterion is already accounted for by the total cost criterion. Further, the client asks Ms. Gould to drop maintenance and support and add its factor weight to total cost. Will this client request alter the recommendation?

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

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section: Chapter Questions

Problem 8SGR

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Explain the difference between a training data set and a validation data set. Why are these data sets used routinely with data mining techniques in the XL Miner® program and not used in the ForecastX Program? Is there, in fact, a similar technique presented in a previous chapter that is much the same as partitioning a data set
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The American Association of Individual Investors (AAII) On-Line Discount Broker Survey polls members on their experiences with discount brokers. As part of the survey, members were asked to rate the quality of the speed of execution with their broker as well as provide an overall satisfaction rating for electronic trades. Possible responses (scores) were no opinion (0), unsatisfied (1), somewhat satisfied (2), satisfied (3), and very satisfied (4). For each broker summary scores were computed by calculating a weighted average of the scores provided by each respondent. A portion of the survey results follow (AAII website, February 7, 2012). Brokerage Speed Satisfaction Scottrade, Inc. 2.7 2.8 Charles Schwab 3.9 4.0 Fidelity Brokerage Services 3.0 3.5 TD Ameritrade 2.8 2.5 E*Trade Financial 2.7 3.1 Vanguard Brokerage Services 2.9 2.5 USAA Brokerage Services 3.0 3.5 Thinkorswim 2.8 2.3 Wells Fargo Investments 2.6 2.1 Interactive Brokers 3.3 2.8 Zecco.com 3.2 3.0…

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		Rating
Performance Criterion	Factor Weight	Software A	Software B	Software C
Functionality	25	9	8	9
Vendor reliability	10	7	5	9
Compatibility with current systems	20	6	8	6
Maintenance & support	10	5	5	8
Total cost	25	4	8	5
Speed of implementation	10	8	4	7