Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The attached data table in CSV format contains estimates of the variable x given by different agents of future value. The agents are coded with
The attached data table in CSV format contains estimates of the variable x given by different agents of future value. The agents are coded with an id number and the agents are further divided into four categories 1-4 based on the significance of the assessments given by the agents. What is the weighted average of the evaluations given by the agents, when the ratios of weight coefficients 1:5:7:6 are used for agents from categories 1-4, where the agent from category 2 gets a weight of 5, while an expert from category 4 gets a weight of 6? (Correct response tolerance 0.002)
ID | Kategoria | Arvio muuttujalle x |
Id 01 | 1 | 9,017271093 |
Id 02 | 4 | 7,865049666 |
Id 03 | 4 | 14,29626822 |
Id 04 | 1 | 6,741998109 |
Id 05 | 3 | 7,077758539 |
Id 06 | 2 | 13,40782342 |
Id 07 | 3 | 12,31890557 |
Id 08 | 1 | 12,3657589 |
Id 09 | 3 | 5,191756735 |
Id 10 | 2 | 5,642470771 |
Id 11 | 1 | 10,99864691 |
Id 12 | 4 | 6,19287374 |
Id 13 | 2 | 5,75225134 |
Id 14 | 4 | 11,94349284 |
Id 15 | 1 | 6,185604531 |
Id 16 | 4 | 11,60144938 |
Id 17 | 2 | 8,979721832 |
Id 18 | 2 | 11,02907846 |
Id 19 | 1 | 8,248481158 |
Id 20 | 1 | 6,918399259 |
Id 21 | 3 | 10,46639443 |
Id 22 | 2 | 7,175057974 |
Id 23 | 2 | 9,341633026 |
Id 24 | 1 | 8,180137529 |
Id 25 | 3 | 6,275580147 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the weighted average of the evaluations given by the agents we need to multiply each ev...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started