Question
1. Suppose you are assessing the merits of multiple designs of pillows based on durability, shape, and comfort. Use the table below to answer the
1. Suppose you are assessing the merits of multiple designs of pillows based on durability, shape, and comfort.
Use the table below to answer the following questions. You should set up and solve this question using excel
Benefits | ||||
Design | Cost | Durability | Shape | Comfort |
A | 10000 | 92 | 0 | 0 |
B | 12553 | 60 | 100 | 26 |
C | 17000 | 0 | 7 | 18 |
D | 8000 | 17 | 30 | 22 |
E | 11561 | 77 | 15 | 70 |
F | 11000 | 15 | 0 | 81 |
G | 13619 | 85 | 53 | 100 |
Weight | 78 | 24 | 79 |
1a. What would the normalized weights for each benefit? Report your response to 2 decimal places.
Durability =
Shape =
Comfort =
1b. Use the normalized weights to find the aggregate benefit for each design. Report your response to one decimal place
A=
B=
C=
D=
E=
F=
G=
1c. If the design has the worst Shape (only), it's benefit score would be? Report your answer to one decimal place
1d. If the design has the best Durability and the worst Shape and Comfort, We would be willing to pay ______________ for the extra _____________ benefit points
1e. Suppose you are willing to pay $8000 more to move from the least desirable to the most desirable design.
The best design would be design_____________________
Solve with normalized weights.
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