Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations at Capacity prob Average Capacity Reservations 5 (Modernize $90,000 all) $25,000 4 $70,000 6 (Modernize $80,000 2nd) C (Status Quo) $60,000 .3 $55,000 a. Which option should be chosen? (Select] b. What is the EMV of that option? (Select] > Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises Probability for Winter Park Technology .70 .20 30 .30 .10 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is 70. Because Kellogg orders 10,000 tests per order, this would mean that there is a .70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park. Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? [Select] b. What is the node value for Dayton? (Select] c. Based on cost, which supplier should Deborah Kellogg select? [Select] Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations at Capacity . Average . Reservations 5 $- (Modernize $90,000 all) [ Select) Option A 4 $ (Modernize $80,000 2nd) Option B Optionc C (Status Quo) $60,000 3 $ NONE a. Which option should be chosen? (Select] b. What is the EMV of that option? (Select] Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations Average prob. prob. at Capacity Reservations 5 $25,000 5 (Modernize $90,000 all) (Select ] (Modernize $80,000 2nd) 78000 74000 $60,000 .3 $ Quo) 57500 a. Which option should be chosen? 56500 b. What is the EMV of that option? (Select] Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises Probability for Winter Park Technology .70 .20 10 .30 .30 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a.70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? [Select] Select ] b. What is the node value for Dayton? (Se -90 c. Based on cost, which supplier should Det -123 -160 -45 Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Winter Park Technology Probability for Dayton Enterprises .70 .30 .30 .20 .10 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a .70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park. Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? (Select ] b. What is the node value for Dayton? (Select ] [ Select] c. Based on cost, which supplier should Question 8 1 pts Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises .30 Probability for Winter Park Technology .70 .20 .10 .30 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a 70 probability of getting 100 defective test Select] er Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test se h Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park cannot determine Evaluate utilizing a decision tree and answer the following ques Either a. What is the node value for Winter Park? (Select] Winter Park b. What is the node value for Dayton? (Select] Dayton c. Based on cost, which supplier should Deborah Kellogg select? Select] Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations at Capacity prob Average Capacity Reservations 5 (Modernize $90,000 all) $25,000 4 $70,000 6 (Modernize $80,000 2nd) C (Status Quo) $60,000 .3 $55,000 a. Which option should be chosen? (Select] b. What is the EMV of that option? (Select] > Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises Probability for Winter Park Technology .70 .20 30 .30 .10 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is 70. Because Kellogg orders 10,000 tests per order, this would mean that there is a .70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park. Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? [Select] b. What is the node value for Dayton? (Select] c. Based on cost, which supplier should Deborah Kellogg select? [Select] Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations at Capacity . Average . Reservations 5 $- (Modernize $90,000 all) [ Select) Option A 4 $ (Modernize $80,000 2nd) Option B Optionc C (Status Quo) $60,000 3 $ NONE a. Which option should be chosen? (Select] b. What is the EMV of that option? (Select] Question 6 1 pts Bratt's Bed and Breakfast, in a small historic New England town, must decide how to subdivide (remodel) the large old home that will become an inn. There are three alternatives: Option A would modernize all baths and combine rooms, leaving the inn with four suites, each suitable for two to four adults. Option B would modernize only the second floor; the results would be six suites, four for two to four adults, and two for two adults only. Option C (the status quo option) leaves all walls intact. In this case, there are eight rooms available, but only two are suitable for four adults, and four rooms will not have private baths. Below are the details of profit and demand patterns that will accompany each option. Which option has the highest expected value? Annual profit under two customer reservation scenarios Reservations Average prob. prob. at Capacity Reservations 5 $25,000 5 (Modernize $90,000 all) (Select ] (Modernize $80,000 2nd) 78000 74000 $60,000 .3 $ Quo) 57500 a. Which option should be chosen? 56500 b. What is the EMV of that option? (Select] Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises Probability for Winter Park Technology .70 .20 10 .30 .30 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a.70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? [Select] Select ] b. What is the node value for Dayton? (Se -90 c. Based on cost, which supplier should Det -123 -160 -45 Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Winter Park Technology Probability for Dayton Enterprises .70 .30 .30 .20 .10 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a .70 probability of getting 100 defective tests out of the 10,000 tests if Winter Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test sets of the second supplier, Dayton Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park. Evaluate utilizing a decision tree and answer the following questions: a. What is the node value for Winter Park? (Select ] b. What is the node value for Dayton? (Select ] [ Select] c. Based on cost, which supplier should Question 8 1 pts Question 7 1 pts Deborah Kellogg buys Breathalyzer test sets for the Winter Park Police Department. The quality of the test sets from her two suppliers is indicated in the following table: Percent Defective Probability for Dayton Enterprises .30 Probability for Winter Park Technology .70 .20 .10 .30 .40 For example, the probability of getting a batch of tests that are 1% defective from Winter Park Technology is.70. Because Kellogg orders 10,000 tests per order, this would mean that there is a 70 probability of getting 100 defective test Select] er Park Technology is used to fill the order. A defective Breathalyzer test set can be repaired for $0.50. Although the quality of the test se h Enterprises, is lower, it will sell an order of 10,000 test sets for $37 less than Winter Park cannot determine Evaluate utilizing a decision tree and answer the following ques Either a. What is the node value for Winter Park? (Select] Winter Park b. What is the node value for Dayton? (Select] Dayton c. Based on cost, which supplier should Deborah Kellogg select? Select]