Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help finding the cumulative cost (question 4 )and also 5 and 6 1) Calculate the value index per category by taking the product

I need help finding the cumulative cost (question 4 )and also 5 and 6

image text in transcribed

1) Calculate the value index per category by taking the product of the number of units with the value index per unit Do this for each feature category, placing the result in column G 2) Calculate the same for cost per category--take the product of the number of units with the Cost per unit Do this for each feature category, placing the result in column H 3) Sort using the sort function under the data tab in descending order of value index per category You will be sorting on column G in descending order Be sure that you include all columns in your table range 4) Calculate a cumulative cost in column I 5) By examining the cumulative cost column, column I, decide what features you will scrub (eliminate) from the list Assume there is a budget of $500 (1000s of $) for this project 6) Which feature category would you implement first? Second? 7) What do you like about this approach? 8) What do you not like about it

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_2

Step: 3

blur-text-image_3

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

Optimization Methods In Finance

Authors: Gerard Cornuejols, Reha Tütüncü

1st Edition

0521861705, 978-0521861700

More Books

Students also viewed these Finance questions

Question

Why must we forecast? LO.1

Answered: 1 week ago