Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Conditional Probability in Decision Trees In Module Five, our exercise is building on what you have learned in prior modules. The three reference videos for

Conditional Probability in Decision Trees In Module Five, our exercise is building on what you have learned in prior modules. The three reference videos for probabilistic top-down tree modeling are provided below. Watch each of these videos as they contain important information that supports the remaining work on the problems as well as the final project: Joint Probability Table and Bayes Theorem (14:31) Conditional Prob and Joint Prob Table in Excel (6:05) Decision Tree with Conditional Probability (22:00) Note: Skip the section on EVSI/EVPI and efficiency; we will do diagnostics later. Notes on the videos: You have already learned everything in the first two videos in prior modules. These videos focus on conditional probability in action. In the third video, Professor Wu uses \"marginal probabilities.\" You may recognize these as weighted probabilities when calculating total probability. However, Wu then uses a slightly different style of calculating a joint probability matrix. While there should be nothing in here that you have not already seen, the reason this is important is that you are going to use these probabilities to construct a tree diagram for decision making. The main take away is that you need to know how to operationalize the story problem into the components for the tree. Module Five Problem: In this problem, you will work through a full decision analysis. The decision includes both a positive branch for determining the business opportunity as well as a negative type branch which evaluates the use of an analyst that may provide unusable results at a cost. It is a great, simple problem to exercise your decision tree skills. Leverage the information from the videos viewed at the beginning of this document as well as your treeplan skills from last module. Decision Analysis Problem: You are a potential business owner in the hoomaflopper industry. You have hired Dustin R. Mopps as your industry insider to help you decide which businesses to focus on potentially buying. He has collected useful data from multiple sources for you. The problem with Mr. Mopps is that he is a terrible decision analyst. So, it is up to you to figure out what to do. Dustin found a business for you to look into for a possible purchase: property ID number 51 in your data set, valued at $188,000. If this property is indeed viable, it is estimated to earn you $500,000 in the first year of business. However, you will have to pay $60,000 to perform a systems audit and refurbish it right after you buy it. Your back-of-the-envelope estimate is that there is X chance that you could realize the $500,000. You will need to spend a little time to figure out X for your model. Alternatively, you could hire Dustin to first do some real estate legwork for you, since real estate data is his specialty. He will ask for $16,000 to do further market research for you. From sneakily talking to his other clients, you estimate the probability as 60% that Dustin's market research will be favorable, if the business is going to be viable. The probability of an unfavorable report from Dustin is 70% if the business will not be viable. In other words, you trust him, but not that much. He might be able to give you an edge. You need to know if it is worth paying him the $16,000 or not. Keep all of these values in mind for your conditional probability calculations. Overall Question: What is your optimal strategy for deciding whether to purchase business number 51, based on expected value? Helpful Hints in this Analysis: Some thoughts to consider: Do not pay Dustin but just buy it? Walk away from it? Pay Dustin for more research or not? Then buy it on his advice? ...or don't? This problem has classic decision under uncertainty conditions. A good decision analysis should help you answer these questions. Consider first that you need to know what X is. Without it, you will not be able to proceed. Analysis Approach: Following Wu's method, and using the information presented in the problem description, perform the following steps: 1. You will need to download the following files from Blackboard to the Documents folder a. From the Module Five Folder: Mopps Data Set Data Dictionary (includes information about the variables) b. From DAT 520 Data Files Folder: i. Mopps with Commas: this is the data set for the problem ii. ProblemSet 5 Tree: this is the tree we will fill in values to in the exercise 2. Open Mopps with Commas in Excel and answer the following questions: a. Question 1: What is the probability that a property worth at least $150,000 in year 1 ends up worth $200,000 or more in year 5? (Hint: Think about numerator and denominator to answer this question. How many properties are there overall? How many properties start out at $150,000+ and then end up at $200,000+ in year 5?) b. Question 2: What is the probability that a property worth at least $150,000 in year 1 ends up worth more than $279,000 in year 5? (Hint: Think about numerator and denominator to answer this question. How many properties are there overall? How many properties start out at $150,000+ and then end up at $279,000+ in year 5?) 3. Open the ProblemSet 5 Tree file in Excel a. Use the answer for Question 2 above to fill in the X% b. Using the information provided with the problem, fill in all of the blue cells on the Excel worksheet. i. There are 39 blue cells for 2 points each, totaling 78 points c. Calculate the sheet (hit F9) 4. Provide the answers to Question 1 and Question 2 above into Word 5. Further provide the answers to the questions that follow: a. Describe and interpret what is going on in this tree in about 250 words. b. Include a discussion on what the optimal strategy is and why is it the optimal strategy? c. Include a statement of what the expected value is? What does expected value mean here? d. Change the values in cells B:20 to B:26. These contain the costs and payouts. Change these one at a time and calculate sheet. Discuss what threshold values flip the decision tree to recommending a different strategy? 6. Highlight your final tree in Excel, Copy it, and Paste Image at the end of your word document. 7. Save your Word Document and submit via blackboard. Notify your instructor of any issues you encounter. DAT 520 Mopps Data Set Data Dictionary y1_val to y5_val Year1 to year5 estimated business sale price if sold that year. y1_prf to y5_prf Year1 to year5 business profit/loss that year. mkt_idx_1 through mkt_idx_5 \"Market Index\" Business property value relative to local real estate market index that year. Based on a common level of appraisal. Local always equals 1. Business valuation index is relative to 1. mkt_class Type of real estate market context of the business, by zoning plat. 1: low 2: mid-range 3: high The following variables are the results of a survey given to these businesses. The survey overall had a moderate response rate of 37% out of thousands of businesses surveyed. What you see in the data set are the 200 responses with any values. Missing values were reset to 0 to improve the ease of use of the data set. For bottom-up trees, you may need to reclassify continuous values into categorical. Use this as a guide: biz_type 1: sole [proprietorship] 2: partnership 3: group [ownership] [unknown as 0] facility_sf Facility square footage 1: 0-2500 2: 2501-5000 3: 5001-7500 4: 7501-10000 5: 10001+ [unknown as 0] real_dataset2$sf_grp <- findInterval(real_dataset2$facility_sf, c(2501, 5001, 7501, 10001, 50000)) sales_type Primary type of sales 1: online_wholesale 2: direct_wholesale 3: online_retail 4: direct_retail 5: mixed [unknown as 0] num_cust Estimated number of customers 1-100 101-1000 1000-5000 5001+ [unknown as 0] real_dataset2$cust_grp <- findInterval(real_dataset2$num_cust, c(101, 1001, 5001, 100000)) num_employ Number of employees 1-50 51-100 101-500 [unknown as 0] real_dataset2$employ_grp <- findInterval(real_dataset2$num_employ, c(51, 101, 501, 50000)) yrsinbiz Number of years in business. [Also includes non-responses as 0] real_dataset2$yrsinbiz_grp <- findInterval(real_dataset2$yrsinbiz, c(6, 11, 26, 51, 100)) past_expan Number of major expansions the business has made, counted as events in its history. [also includes non-responses as 0] change_hands Number of times the business has been sold or changed ownership in its history. [Also includes non-responses as 0] tot_success & tot_nsuccess Success is any company that had at least 2 occurrences of more profit than the previous year and a rising market index, simultaneously. NSUCCESS is the opposite. 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 id y1_val y2_val y3_val y4_val y5_val y1_prf y2_prf y3_prf y4_prf y5_prf 170 242000 223000 543000 472000 447000 81000 -40500 -16200 -3200 1300 149 395000 246000 374000 453000 270000 789000 -1466000 -293200 234600 -398800 142 395000 390000 394000 178000 229000 -1591000 439800 -615720 -1108300 1330000 148 288000 311000 414000 435000 398000 428000 763100 305240 335800 436500 130 256000 430000 189000 406000 343000 687000 114300 -205740 349800 594600 168 216000 325000 466000 440000 588000 0 0 0 0 0 157 407000 314000 499000 253000 316000 -613000 -224700 426930 512300 461100 178 263000 424000 665000 729000 712000 1148000 -1543600 -154360 293300 557200 58 316000 285000 269000 129000 351000 344000 -501900 -250950 326200 652500 192 690000 557000 457000 466000 418000 440000 -723900 941070 -1693900 2879700 85 298000 174000 145000 239000 249000 999000 1422000 -2844000 2275200 2502700 181 552000 455000 631000 740000 372000 645000 -550200 550200 770300 -1001400 93 228000 222000 209000 302000 353000 0 0 0 0 0 116 336000 394000 311000 244000 356000 0 0 0 0 0 154 586000 597000 390000 284000 455000 829000 -42400 59360 47500 0 2 104000 158000 178000 185000 103000 895000 0 0 0 0 145 461000 214000 170000 305000 424000 172000 -93000 120900 -72500 -36300 175 665000 463000 528000 541000 257000 1661000 -335000 502500 0 0 91 228000 381000 452000 447000 261000 -585000 1041300 1874340 -2624100 0 99 486000 284000 436000 217000 181000 419000 0 0 0 0 143 306000 418000 366000 339000 477000 252000 152500 167750 -268400 134200 121 432000 300000 332000 301000 428000 215000 -172200 223860 -402900 0 115 211000 219000 324000 352000 440000 0 0 0 0 0 103 471000 276000 470000 330000 300000 177000 -149000 178800 -321800 -643700 90 229000 194000 440000 362000 272000 0 0 0 0 0 173 709000 449000 575000 390000 671000 12000 3200 3200 6100 0 68 331000 324000 320000 215000 242000 0 0 0 0 0 34 164000 142000 251000 169000 287000 1302000 -1093500 -656100 65600 85300 188 415000 383000 645000 395000 434000 -778000 -610500 -244200 24400 7300 167 203000 538000 549000 397000 296000 0 0 0 0 0 53 260000 158000 125000 290000 373000 0 0 0 0 400000 105 167000 427000 234000 264000 417000 984000 1583400 2058420 -1029200 1852600 141 186000 449000 254000 412000 179000 287000 -1185600 -1067040 1707300 -1536500 152 443000 423000 364000 244000 519000 0 0 0 0 0 31 116000 180000 109000 278000 163000 572000 -1624700 0 0 0 15 90000 192000 190000 168000 198000 -426000 -1888200 0 679800 -951700 185 408000 678000 545000 423000 350000 40000 -15600 6240 -2500 4500 153 325000 371000 471000 213000 426000 -1665000 -473400 284040 312400 531200 136 446000 175000 337000 229000 424000 138000 222700 133620 187100 -205800 200 658000 540000 271000 616000 476000 405000 -85800 128700 -231700 417000 199 589000 655000 486000 735000 731000 428000 -516000 0 0 0 52 180000 258000 360000 274000 187000 -651000 -445200 -890400 -356200 -142500 14 154000 116000 183000 104000 143000 716000 -1726400 -1726400 -2417000 4108800 161 420000 227000 593000 399000 474000 457000 -281700 338040 540900 540900 164 459000 356000 379000 439000 515000 209000 -31600 -15800 -14200 18500 45 344000 357000 246000 130000 136000 -2399000 1630200 1467180 2054100 -3286500 194 678000 310000 532000 701000 371000 689000 -26700 24030 -33600 13500 134 395000 363000 305000 316000 359000 203000 -201600 80640 64500 -116100 56 201000 269000 363000 204000 324000 511000 585900 -820260 738200 221500 69 300000 306000 222000 215000 360000 0 0 0 0 0 80 147000 208000 287000 302000 180000 117000 0 0 0 0 151 469000 415000 499000 332000 474000 71000 0 0 0 0 Page 1 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 92 17 110 184 104 38 66 42 63 74 97 124 113 32 183 65 108 193 21 62 55 109 4 72 98 47 64 158 36 16 159 81 37 9 174 129 73 10 163 131 22 177 51 54 171 139 160 19 82 94 29 26 120 342000 109000 312000 391000 422000 133000 146000 264000 234000 348000 424000 397000 387000 240000 598000 367000 225000 360000 175000 204000 244000 299000 119000 144000 293000 200000 262000 309000 215000 98000 250000 211000 323000 220000 729000 266000 255000 98000 479000 232000 213000 693000 208000 367000 342000 223000 404000 134000 165000 275000 170000 246000 460000 453000 192000 422000 444000 459000 312000 163000 169000 295000 201000 270000 345000 394000 124000 395000 203000 230000 541000 218000 345000 244000 409000 182000 279000 283000 191000 313000 316000 127000 225000 264000 353000 263000 91000 637000 291000 365000 159000 279000 407000 80000 740000 193000 317000 349000 176000 300000 208000 320000 217000 181000 222000 447000 467000 89000 461000 686000 433000 133000 374000 273000 365000 254000 206000 376000 241000 103000 728000 324000 231000 654000 83000 319000 137000 474000 213000 129000 480000 129000 272000 234000 356000 133000 570000 194000 295000 203000 707000 398000 138000 114000 217000 471000 125000 675000 353000 337000 665000 306000 368000 224000 164000 424000 164000 210000 479000 298000 164000 243000 561000 200000 366000 158000 354000 317000 166000 191000 321000 233000 279000 666000 207000 310000 491000 195000 250000 217000 182000 146000 220000 367000 192000 161000 543000 192000 149000 486000 277000 271000 180000 700000 170000 276000 155000 201000 426000 215000 518000 288000 153000 423000 448000 358000 161000 220000 415000 269000 193000 306000 280000 751000 -521400 886380 98000 0 0 0 289000 237000 -522000 574200 337000 1424000 -469000 -656600 377000 47000 126400 189600 161000 990000 -1206000 -2170800 231000 564000 1945000 3306500 169000 371000 -1130500 678300 265000 -485000 -1001300 1501950 182000 -292000 -205200 82080 345000 912000 -942000 1695600 213000 -137000 11400 -12540 164000 -332000 -313000 -281700 146000 117000 606600 1091880 405000 0 0 0 237000 234000 104500 198550 195000 1192000 -1173600 -469440 709000 102000 -90000 -99000 168000 91000 -24100 -36150 374000 -415000 321500 225050 251000 778000 988000 -197600 385000 772000 937000 1780300 102000 844000 -2160000 -1944000 150000 1524000 1559800 1247840 234000 504000 -928800 278640 320000 185000 -302000 332200 188000 -1520000 -1244100 -248820 503000 -153000 -491400 294840 249000 0 60000 40000 100000 -16000 0 17850 264000 -552000 -1664300 832150 169000 297000 300000 120000 357000 731000 -259000 336700 148000 126000 137600 -27520 265000 337000 -104000 166400 372000 29000 -21600 36720 171000 24000 -27200 13600 123000 53000 -48500 -38800 440000 2209000 510300 510300 321000 -2577000 1617000 2263800 217000 137000 154000 -231000 691000 -28000 -22000 6600 188000 520000 1309200 2487480 328000 539000 69100 6910 418000 329000 -626000 313000 436000 243000 593600 890400 356000 -640000 -372400 446880 156000 602000 -129200 245480 317000 1128000 1019900 101990 188000 953000 1005400 256000 213000 910000 1072800 -1394640 115000 0 728700 291480 302000 289000 197000 -59100 Page 2 -1063700 1489100 0 0 -229700 459400 656600 722300 360200 -144100 -868300 260500 -1983900 0 881800 970000 600800 961200 114900 183900 -1186900 0 10000 -7000 225400 338000 -1747000 -349400 0 0 79400 23800 845000 -760500 -89100 -133700 68700 -89300 382600 -229600 19800 -39500 1602300 0 194400 -38900 -748700 -1123100 83600 -142100 166100 -16600 223900 -358300 265400 132700 0 0 10700 -16100 -665700 266300 -96000 76800 -168400 84200 -38500 46200 -66600 -73200 -44100 88100 -1400 1100 -58200 -40700 -255200 484800 -3848500 1539400 -346500 -138600 -9200 900 1990000 3582000 3500 -6200 -250400 -75100 -1068500 -641100 -715000 -786500 122700 73600 -71400 135600 643500 892000 -2649800 -530000 -174900 209900 -70900 -14200 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 84 24 71 1 78 41 182 112 75 28 125 7 128 43 133 39 61 114 11 77 40 132 6 111 48 83 197 35 30 100 106 76 79 12 119 169 70 50 176 155 196 179 118 127 165 180 122 135 5 138 88 18 33 206000 212000 183000 123000 213000 300000 259000 325000 307000 184000 284000 182000 426000 177000 276000 284000 338000 380000 86000 153000 204000 371000 149000 444000 213000 344000 542000 105000 144000 171000 314000 160000 231000 102000 363000 233000 335000 336000 652000 320000 504000 629000 219000 180000 426000 424000 231000 200000 196000 186000 201000 189000 192000 239000 217000 252000 93000 355000 157000 638000 404000 369000 253000 317000 221000 259000 341000 234000 210000 281000 288000 191000 153000 218000 206000 148000 209000 162000 195000 599000 141000 206000 278000 457000 322000 150000 184000 212000 553000 208000 339000 713000 544000 728000 494000 467000 186000 289000 526000 167000 380000 102000 269000 230000 116000 114000 133000 160000 199000 194000 330000 347000 437000 326000 352000 211000 440000 191000 421000 285000 212000 315000 229000 432000 119000 206000 289000 428000 164000 176000 277000 247000 310000 170000 262000 464000 472000 306000 293000 183000 438000 442000 281000 132000 475000 336000 536000 637000 466000 264000 590000 337000 214000 366000 111000 169000 370000 85000 233000 181000 105000 176000 81000 185000 143000 617000 339000 230000 271000 376000 132000 229000 242000 169000 208000 268000 374000 132000 152000 155000 228000 108000 399000 222000 176000 611000 102000 113000 262000 213000 153000 264000 108000 427000 337000 163000 344000 661000 313000 706000 303000 234000 384000 491000 349000 255000 480000 140000 373000 341000 81000 182000 331000 144000 268000 86000 207000 194000 528000 342000 183000 183000 346000 137000 475000 241000 246000 364000 351000 450000 141000 272000 320000 484000 218000 243000 346000 309000 503000 289000 132000 200000 177000 143000 187000 192000 429000 556000 234000 319000 748000 351000 742000 653000 164000 223000 346000 663000 412000 347000 182000 400000 257000 136000 133000 59000 107000 1083000 -473000 506000 549000 1371000 51000 1992000 986000 75000 296000 1429000 400000 461000 765000 994000 -493000 1374000 -179000 860000 -485000 26000 1405000 80000 157000 253000 460000 -973000 686000 39000 351000 411000 2280000 644000 383000 612000 -60000 217000 99000 214000 1043000 609000 113000 2866000 248000 429000 787000 145000 530000 402000 119000 63000 Page 3 52000 238800 -1634000 3554000 -949500 -476000 -1962000 72000 463200 1179900 197600 715000 712800 -2273600 -68200 248100 -215200 856900 3757200 -483000 -1326000 497000 100800 -1036800 277200 220400 257600 3133800 -3238500 1029000 43000 581400 54500 -1368000 -1346400 129000 836000 116000 298500 -205200 -52800 -489600 120200 -280500 -395400 -98800 106400 -109000 -420000 0 90600 0 -52800 -88400 -214920 -3268000 1421600 -1139400 -809200 -2746800 -21600 -833760 235980 -197600 0 -1211760 -3865120 -109120 -396960 -236720 -85690 -1127160 -966000 -1723800 99400 80640 -1658880 166320 -22040 -77280 -313380 -3562350 -1852200 -4300 -348840 -27250 -2462400 -1750320 103200 -836000 58000 149250 -328320 -36960 -293760 132220 392700 0 88920 148960 -1817100 294000 0 -163080 0 -68640 97200 236400 -2614400 710800 2050900 1537500 -4120200 -2200 1334000 -377600 197600 0 -727100 -2100000 -109100 -238200 260400 128500 0 483000 -1723800 99400 96800 -497700 -316000 -6600 -30900 470100 5343500 926100 -7700 -69800 32700 -1477400 -875200 -206400 167200 69600 -194000 -623800 -7400 -352500 -145400 -628300 -901500 115600 -119200 726800 411600 0 -16300 0 6900 107000 354600 1045800 -355400 -3281500 3075000 3708200 -2200 1734200 -566400 217400 0 72700 -5527100 43600 71500 494700 154200 0 241500 -1379000 178900 -125800 497700 189600 -1300 30900 94000 -3740500 -277800 -12400 -111600 22900 -2363900 -1137700 -309600 -200600 -76600 -155200 -187100 0 634500 160000 314200 1442400 196500 71500 436100 -823200 0 6500 0 -2100 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 13 3 123 67 8 107 187 87 44 144 195 186 189 191 117 101 86 198 25 137 190 20 150 156 59 146 27 102 126 147 140 89 95 23 172 49 162 96 166 60 46 57 184000 205000 208000 138000 163000 282000 364000 296000 355000 229000 626000 466000 598000 436000 177000 471000 164000 480000 149000 350000 597000 143000 300000 422000 157000 428000 123000 365000 393000 163000 341000 453000 462000 134000 392000 177000 493000 339000 315000 316000 327000 182000 212000 189000 254000 163000 191000 317000 399000 229000 260000 444000 404000 703000 395000 748000 217000 319000 222000 301000 240000 242000 276000 184000 392000 233000 203000 228000 230000 247000 474000 164000 297000 455000 229000 165000 358000 355000 321000 398000 376000 357000 225000 314000 108000 145000 328000 350000 166000 247000 643000 338000 219000 256000 619000 509000 640000 290000 366000 192000 303000 592000 269000 229000 363000 209000 170000 345000 275000 358000 272000 425000 206000 333000 264000 406000 325000 80000 431000 333000 241000 308000 323000 297000 263000 142000 168000 132000 443000 195000 90000 330000 370000 167000 176000 285000 641000 502000 440000 482000 357000 270000 128000 474000 208000 277000 296000 179000 325000 227000 346000 338000 217000 206000 484000 269000 360000 189000 415000 151000 469000 129000 214000 232000 535000 184000 218000 346000 220000 191000 360000 172000 186000 351000 718000 312000 254000 319000 355000 537000 315000 425000 373000 433000 214000 337000 185000 354000 400000 109000 336000 276000 359000 266000 183000 215000 315000 299000 190000 471000 264000 148000 642000 174000 577000 189000 568000 166000 235000 250000 -92000 426000 1345000 705000 177000 219000 546000 426000 834000 197000 1300000 402000 295000 645000 944000 26000 228000 -584000 -106000 242000 1282000 484000 1184000 330000 1160000 1182000 249000 644000 845000 994000 751000 35000 1015000 117000 459000 58000 1266000 851000 671000 209000 184000 13000 Page 4 -97600 -136640 -13700 -523600 -209440 -41900 -1810200 1629180 -1466300 -1826500 0 0 -380800 -571200 685400 -61800 18540 -14800 -310400 -124160 -198700 -93000 93000 -120900 -444600 800280 800300 -59500 59500 71400 601900 782470 1252000 -819000 -163800 -311200 143200 -143200 57300 -584000 -700800 350400 -1249600 -1624480 974700 -23200 -18560 14800 -259000 -284900 370400 -752000 526400 -1052800 -149000 -134100 -214600 144900 217350 391200 -394200 39420 51200 0 246960 395100 -559200 559200 -950600 129600 233280 -46700 -3201500 5122400 -8708100 -222000 44400 -26600 -595200 416640 208300 -1456200 145620 -72800 -670800 402480 -322000 -823500 905850 -1087000 579000 -579000 -1100100 -21000 35700 -39300 -155600 93360 0 40100 28070 28100 -681700 -818040 -1227100 23100 0 -52700 568100 -511290 562400 632800 -316400 474600 0 -158400 -79200 -137500 -220000 110000 181500 90750 136100 -27600 -44160 17700 -8200 33500 439900 0 -822500 -5900 218500 84600 1600600 100000 876400 -186700 74500 525600 584800 28200 74100 1789800 300400 -234700 41000 -158100 950600 0 2612400 26600 -187500 80100 322000 1087000 440000 70700 0 42100 613500 105300 56200 -427100 55400 -132000 -258600 -35300 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 mkt_idx_1 mkt_idx_2 mkt_idx_3 mkt_idx_4 mkt_idx_5 mkt_class 0.86 1.1 1.3 1 1.2 c 1 1.36 1.56 0.82 0.82 a 0.82 0.65 0.7 1.42 0.2 b 1.21 0.46 0.72 0.94 0.7 c 0.65 1.01 1.42 0.6 1.12 a 1.56 1.4 0.76 0.8 1.35 c 1.9 1.18 0.46 0.93 1.08 c 0.55 0.6 1.7 0.92 0.6 c 0.85 1.3 1 0.84 0.6 a 1.24 1.42 0.28 1.08 1.45 c 1.42 1.07 1.9 1 0.84 c 0.68 1.15 0.75 0.72 1.18 c 1 0.55 1.5 0.6 1.01 c 1.03 0.91 1.16 0.84 0.94 b 0.52 1.2 0.79 1.12 1.5 b 0.85 0.97 1.12 1.03 0.85 a 1 1.03 0.4 1.24 1a 0.55 1.12 1 1.4 1.72 c 1 0.68 0.8 1.3 1.36 c 0.79 1.35 0.65 0.19 1.08 a 1 1.06 1.08 1.32 1.08 b 1 1 0.36 0.8 1b 1.1 1 1.09 0.73 1.18 b 1.14 1.49 1.2 1.2 1.2 c 0.2 0.52 1.08 0.8 1.12 c 1.35 1.63 0.85 1 1c 0.55 0.93 0.7 0.95 0.82 b 1.05 1.12 1 0.82 1c 0.73 0.7 1.72 0.64 0.86 a 1 1.12 0.19 1 1.56 b 1.1 1.16 1 0.7 0.7 b 0.6 1.3 0.5 1 1.48 b 0.64 1.06 1.06 0.52 0.97 c 0.88 1 1.9 0.93 0.3 b 0.84 1 1.81 1.2 1.15 b 0.28 1.27 0.28 0.88 1a 1 1 1.05 1.45 0.86 c 1.18 1.21 0.85 1.7 1.3 a 1.05 0.91 1.08 0.94 2a 0.84 1 0.65 0.85 0.4 a 1.21 1.9 1 0.82 1.09 c 1.42 0.28 1.6 1.5 1b 1 1.0679 0.86 1 1.2037 a 0.72 1.27 1.03 1.09 0.88 c 0.94 1 0.2 1.45 0.92 a 0.96 0.2 1 0.44 1.1 a 0.99 1 0.94 1.06 0.93 c 0.46 1.21 0.6 0.88 1.09 b 1.4 1.1 1.56 0.28 1.32 b 1.8 0.84 0.86 0.64 1b 1.24 1.72 1.32 1.6 0.68 b 0.1 1.4 0.3 1.16 0.64 b Page 5 biz_type facility_sf 1 5600 1 7500 1 6000 1 2400 0 8000 1 2800 1 2800 1 2800 0 2710 3 7800 1 7700 1 3000 1 8430 1 4400 1 2450 2 2000 3 4000 1 2500 1 2800 1 2400 1 15500 1 10500 0 2600 3 5550 0 3500 1 11000 1 9200 1 2220 1 6650 1 5000 1 9200 1 2400 0 9240 1 4650 2 1500 1 1500 1 3700 1 4000 1 900 0 12000 1 7500 1 3300 3 1100 1 7650 1 8700 2 6500 3 4800 1 8000 1 4000 0 3900 3 800 3 4250 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 0.37 0.72 1.12 1 0.94 1.1 0.8 0.44 0.92 0.8 0.88 1.3 1.1 0.86 1.45 1.09 1 1.16 0.9 1.24 1.24 1 0.5 1.24 1.35 0.97 0.86 1 1.07 0.6 0.65 0.1 0.52 1 0.44 0.9 0.84 0.8 0.76 1 0.7 0.6 1.15 0 1 0.46 1 0.98 0.64 1.2 1 0.28 0.82 1.6 1.24 1.36 1.02 0.93 1.12 1.2 1.06 1 1.49 1.07 0.98 1.06 1 1.7 1.36 1.7 1.24 1 0.28 0.82 1 1.04 0.93 1.35 1.5 1.24 1.05 0.28 1.08 1.2 0.96 1 0.64 1.06 1.12 1.5 0.91 1.5 1.4 1 0.8 0.7 0.88 1.08 0.88 0.96 1 1.12 1.72 1.08 0.91 1 1 1.09 1 1.45 1.14 1.8 0.46 1.3 0.96 0 1.02 1 1 0.72 0.82 0.28 0.64 1.24 1.4 0.4 1.1 0.9 1 1 0.86 1 0.82 1 1.72 1.16 1 1.2 1.09 1.18 1.56 1.5 1.72 1.24 1 1 1.2 1.06 1.03 1.2 1.06 0.9 1.12 0.98 0.37 0.46 1.01 0.8 0.64 1.42 1 1 0.68 1 0.8 1.8 0.98 1.12 0.91 1.04 1 1.03 1 0.92 1.3 1.12 1 1.35 1.12 0.6 1 1.25 1 1.3 1.81 1.49 1.4 1.64 0.2 0.93 0.58 1.01 1 1 0.9 1.56 1.09 0.4 0.84 0.6 0.7 0.7 0.84 0.6 0 1 0.79 1.18 0.8 1.3 1 1.05 0.44 b 1.4 b 1.03 b 0.8 c 1.5 c 0.9 a 1.07 a 1.15 c 1.15 c 1.56 a 1.72 a 1.09 b 1b 1.36 a 1c 0.8 a 1a 0.88 b 1.32 a 0.2 a 0.58 a 0.28 c 0.44 a 0.88 a 0.52 c 0.2 a 1.3 b 0.6 c 0.9 b 0.76 a 1.1 a 0.44 a 0.94 a 1.08 a 1.03 a 1.05 c 0.9 a 0.9 a 1.07 b 1c 1.14 b 0.3 c 1b 1a 1.8 c 0.82 b 0.92 b 0.7 b 1.8 b 1.06 c 0.92 a 1.14 a 0.76 a Page 6 1 2 1 1 1 2 3 2 1 3 1 1 2 1 1 1 1 1 2 1 1 3 2 2 1 1 1 1 1 2 1 2 3 2 1 1 2 2 1 1 1 0 2 1 1 0 1 2 1 3 1 2 3 6000 2650 2400 2500 8880 1900 900 2750 2200 2000 3000 4500 3300 2300 4500 2650 9700 3300 4750 7000 10000 8200 1200 1160 1100 2780 2600 7230 1300 1440 11000 2700 3300 3250 10010 12000 6000 2200 2500 2980 3375 9000 10000 3750 5500 1450 2500 2790 2780 8000 2200 10100 4700 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 0.84 0.82 1 1.12 0.5 0.65 0.84 0.94 0.84 0.76 1.42 1 0.28 1 0.9 0.9 0.88 1.2 0.84 0.7 0.1 1.3 1.04 0.86 0.88 0.7 1.3 1.04 1.05 1.2 0.6 1.04 1.06 0.7 1.18 1.3 1.42 1.56 0.76 0.5 1.09 0.76 0.6 1.7 1 1.16 1.4 1.8 1.16 1.7 1.4 1 1.09 0.91 0.92 1.45 1.64 1.03 1 0.97 1 1.8 1.03 0.7 1 1.45 1.5 1.4 1.4 1 1.5 1.3 1.32 1.28 1.18 1 1.4 1.27 1 1.05 1.16 1.35 1.63 0.92 1 1.7 1.02 1.18 1.36 1.4 1.04 1.7 1.5 0.73 0.64 0.55 0.92 0.93 0.9 1 1.45 0.9 1.28 0.68 0.76 0.95 0.7 0.91 1.4 0.86 0.6 0.64 0.72 0.97 0.55 0.76 0.55 0.95 1.08 1 1.35 1.15 0.37 1.16 0.88 0.95 0.94 0.88 0.55 0.82 0.68 0.1 0.86 0.84 1.2 1.14 0.76 0.6 1.42 0.52 1.14 0.64 1 0.98 1.28 1 1 0.82 0.55 1.2 0.88 0.92 0.19 1.5 1 1.8 0.82 0.37 1 0.92 1.08 0.97 1 0.85 0 1.02 1.2 1 0.82 0.7 1.56 0.51 0.4 1.04 0.5 0.97 0.88 1 0.8 1.06 0.91 0.1 1 0.85 0.76 1.24 1.24 1.4 1.2 1 1.21 1.3 1 1 0.94 1.1 1.6 1.09 0.5 1.24 0.98 0.94 1.45 1.18 1.7 1.16 0.46 0.94 1.24 0.65 1.1 0.85 1.64 a 1a 0.82 a 1.48 a 0.88 b 1.24 a 0.64 c 1.9 a 0.76 b 1c 1.14 c 0.55 a 0.6 b 0.91 b 1a 0.93 c 1.1 b 1.81 c 0.97 a 1a 1.5 b 1.3 b 0.7 a 1b 0.19 b 1.35 a 1.08 c 1a 1.3 a 0.79 c 0.8 b 1a 1.16 b 0.86 a 0.68 c 0.76 c 1b 1.08 a 1.12 b 0.73 b 0.88 c 1.2 c 1.56 c 1.8 c 1.1 c 0.95 b 0.92 b 0.65 c 1a 0.7 c 0.85 b 0.1 b 1.14 b Page 7 1 2 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 0 2 1 1 1 3 3 1 3 1 1 2 1 0 2 1 1 1 1 1 1 1 1 1 1 2 1 1 2 0 3 1 1 1 2 2 9000 5410 6000 1510 2600 2000 8200 3000 8600 2700 5400 8700 3300 12000 13000 4880 4200 4400 1600 2500 6000 5000 1900 6500 2400 9000 2500 2100 1100 5000 3300 4000 3110 2100 7250 2560 7600 7300 3600 2700 8000 2400 3000 1200 3200 3000 3000 4250 3790 7000 3000 6300 4700 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 0.93 1.54 1.16 1.32 1.2 1.12 1 1.18 1.12 1 2 0.92 1 1.12 1 0.94 1.21 1.18 1.6 1.24 1.06 1.7 0.85 1.6 1 2 1.7 1.06 1.8 1 1.01 1.32 2 1.6 0.99 1.06 1.28 1.01 1.08 1.6 0.64 1.9 0.76 0.91 1.04 1.04 0.97 0.85 0.4 0.5 0.2 0.55 1.04 0.7 0.58 0 0.91 0.19 0.84 0.79 0.5 1.16 1 0.84 0.2 0.36 0.7 1.05 0.91 1 1.5 0.96 0.92 1 1.04 1.18 0.88 1 0.86 1 0.88 1.24 0.44 0.82 1.32 0.6 0.76 0.72 1.24 0.85 1.04 0.91 0.96 0.28 1.7 1 0.6 1.08 1 0.84 1.5 0.95 1.05 1.24 1.27 1 1.3 1.2 1.2 1.28 1.45 1.24 1 1.08 1.45 1.25 1.81 1.15 0.86 0.68 0.8 0.75 0.84 1 0 0.19 0.1 0.88 1.2 0.1 1 0.91 1.63 1.04 1.3 1.1 1.14 2 1 1.1 1.14 1.4 1.08 0.95 1.2 1.3 1.72 1.6 1 1.06 1.05 0.7 0.3 0.7 0.8 1 1.24 1 0.4 0.92 1 0.96 0.86 1 0.76 1.08 1 1.12 1a 0.72 a 1.35 b 1.3 a 1a 1.18 b 0.52 b 1.4 b 1.54 a 1.24 b 1.2 c 1.2 a 1.04 a 1.27 c 1.14 a 1.21 b 1.16 a 1.01 c 0.6 c 1.1 a 0.82 b 0.4 a 1.63 b 1a 1.3 b 0.96 b 1.72 a 1a 1.3 c 0.46 b 1.9 c 1c 0.95 c 1.42 a 1c 1.09 b 1b 1b 1.1 c 1.12 a 0.52 b 0.96 a Page 8 1 1 3 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 0 2 2 0 1 1 1 3 3 1 0 1 0 1 3 3 1 1 1 1 2 1 1 3880 8000 11000 3000 1300 7800 8440 7690 6500 3000 2590 3600 4615 2200 1300 6000 3300 3000 2200 1500 8000 1200 4000 3000 2700 3400 1500 12000 5000 4200 5200 8200 3500 1980 3330 4275 7500 3900 3210 8700 4100 2300 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 sales_type num_cust num_employ yrsinbiz past_expan change_hands tot_success 1 2400 92 45 1 0 0 300 29 5 0 1 2 2200 157 29 0 0 1 2200 117 43 0 0 0 2000 177 17 0 0 2 700 0 26 0 0 2 1900 134 21 0 1 2 800 25 5 0 1 2 500 49 19 1 0 4 1100 34 12 0 0 2 300 35 35 0 0 2 0 0 42 0 0 5 0 0 17 1 0 2 1100 87 48 1 0 2 1900 66 9 1 0 4 14000 250 35 0 0 2 2200 138 10 1 0 2 400 42 9 0 0 5 6000 200 23 2 0 2 2500 132 6 1 0 2 1000 7 23 0 0 5 600 45 33 0 0 2 1700 113 26 0 0 5 400 13 12 1 0 4 1100 75 21 0 0 4 2500 109 29 0 0 2 1200 0 17 0 0 0 0 0 15 0 0 2 100 10 42 2 1 2 200 9 6 0 0 2 2300 221 14 0 0 2 2500 181 11 0 0 2 900 0 24 0 0 2 200 18 43 1 2 4 1900 120 11 0 0 2 200 6 40 0 0 2 500 31 16 0 0 2 0 0 45 0 1 4 1400 62 46 0 0 5 25000 150 17 0 0 2 2400 144 22 0 0 0 1900 144 14 0 0 2 2500 30 40 0 0 2 0 100 10 0 1 2 1600 201 29 0 0 1 600 50 45 1 4 1 2500 117 48 0 0 2 400 50 40 0 0 4 700 6 11 0 0 4 1700 108 41 0 0 5 1400 126 22 0 0 1 1100 67 5 0 0 Page 9 2 1 0 1 1 2 1 1 0 1 0 0 2 2 0 1 0 1 2 1 1 1 2 0 3 1 2 1 1 3 2 2 1 2 1 1 1 2 0 0 1 0 1 1 1 0 0 0 0 2 1 1 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 2 2 2 2 4 1 1 1 4 4 2 0 2 2 4 4 2 4 0 5 0 2 0 4 2 0 2 2 0 2 3 0 2 2 5 4 0 2 2 4 0 0 3 4 2 2 2 3 2 5 2 2 2 1100 1600 2200 2200 800 800 800 1300 500 0 0 0 200 100 1500 700 1600 1200 2100 0 1300 2000 1300 200 600 1100 2200 2100 0 500 13000 0 2000 1500 2200 600 2100 2300 1300 1800 1000 2100 6500 0 1200 1700 2400 1400 200 1100 500 1000 400 107 214 158 44 62 0 55 119 26 0 0 0 6 15 242 37 173 15 169 0 65 157 134 19 38 84 124 230 82 36 101 0 202 201 106 16 206 119 38 238 82 59 93 0 46 6 115 235 0 21 5 62 45 46 34 25 34 48 30 9 27 16 31 14 13 25 35 10 40 46 5 37 35 8 36 22 10 33 34 14 5 15 14 39 44 24 7 31 5 23 44 47 8 37 44 8 41 36 5 48 21 20 20 44 30 31 2 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6 1 0 0 0 0 0 0 0 0 0 0 Page 10 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 1 0 0 0 2 1 1 1 1 1 2 1 3 1 1 1 2 3 0 1 0 0 1 0 1 1 0 0 0 2 0 0 2 1 1 1 1 1 2 1 1 1 2 2 2 2 0 1 3 1 0 1 3 1 2 0 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 2 2 4 2 2 2 2 2 0 4 2 0 4 4 4 2 2 2 4 0 0 4 0 3 2 4 2 2 0 3 2 0 2 2 4 2 2 2 4 2 2 4 2 4 2 2 4 2 4 4 4 2 1 1400 600 5250 100 2100 2100 700 600 2100 2100 1000 2200 2000 1100 1200 10000 900 0 1900 1800 200 1600 600 800 1600 1500 1200 50 600 77000 2500 1000 2100 1200 1200 0 2100 1900 1200 2100 300 0 1200 500 2300 1200 200 1500 1000 2300 100 1400 100 154 19 51 20 213 194 36 33 49 134 37 114 107 99 22 15 38 100 215 240 13 106 0 32 237 0 84 24 27 80 91 48 60 71 133 0 258 198 63 133 41 92 38 5 91 28 4 144 49 187 15 63 18 48 24 18 15 23 7 50 16 14 48 6 30 23 40 21 19 32 35 40 13 5 38 10 23 42 30 29 15 8 28 33 21 48 8 30 5 28 43 40 17 20 14 28 28 35 36 32 12 8 44 40 18 30 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 2 0 0 1 2 2 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3 0 0 Page 11 0 0 2 0 0 0 0 0 0 3 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 2 2 0 1 1 1 0 3 1 1 2 2 1 0 0 1 2 2 2 0 2 2 0 2 1 3 1 2 1 2 1 1 0 1 0 0 1 1 2 1 2 2 2 2 0 2 0 0 1 1 1 1 0 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 4 0 2 5 2 0 4 2 0 0 4 2 4 2 4 2 2 2 4 5 2 0 2 2 5 2 2 3 2 2 2 2 2 2 2 4 2 2 2 2 2 4 1500 700 400 900 1400 300 1900 800 2200 800 500 1200 800 2200 1300 1600 800 2300 200 500 500 500 1600 1600 1700 500 1200 1400 2000 1700 1800 2200 800 2300 2400 300 400 300 400 1400 1100 700 195 4 10 53 77 29 234 47 97 50 28 8 92 31 18 127 33 78 11 32 25 41 236 108 113 10 9 142 94 16 121 170 3 168 149 35 38 4 0 139 60 8 11 17 48 39 35 12 50 50 5 14 21 10 47 16 27 17 48 37 20 30 5 34 28 33 45 25 44 21 5 17 37 24 5 46 10 35 34 7 9 23 36 38 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 3 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 Page 12 0 0 0 0 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 2 0 0 0 0 0 0 1 1 1 1 0 2 1 2 3 2 1 1 2 2 1 2 0 2 1 2 2 2 2 1 2 2 1 2 1 1 1 2 2 1 1 1 1 1 1 1 1 1 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 tot_nsuccess 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Page 13 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 1 1 1 1 1 Page 14 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 Page 15 4c7a2505cd1b430b8ccfb0ddb4c4f99d8a04f278 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 3 3 Page 16 Viable (YV) Buy #N/A Not viable (NV) No research # #N/A Don't buy 0 uy Biz with or without research? # #N/A Buy Positive research (YR) # 0 #N/A Don't buy Research #N/A Buy Negative research (NR) # 0 #N/A Don't buy $0 $0 $0 $0 0 Viable (YV) $0 $0 #N/A Not viable (NV) $0 $0 $0 $0 Viable (YV) $0 $0 #N/A Not viable (NV) $0 $0 $0 $0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Linear Algebra A Modern Introduction

Authors: David Poole

4th edition

1285463242, 978-1285982830, 1285982835, 978-1285463247

More Books

Students also viewed these Mathematics questions