Question
The file ClassificationData.xlsx ClassificationData-3.xlsxDownload ClassificationData-3.xlsx contains the following information about 25 MBA programs: percentage of applicants accepted, percentage of accepted applicants who enroll, mean GMAT
The file ClassificationData.xlsx
ClassificationData-3.xlsxDownload ClassificationData-3.xlsx
contains the following information about 25 MBA programs:
- percentage of applicants accepted,
- percentage of accepted applicants who enroll,
- mean GMAT score of enrollees,
- mean undergraduate GPA of enrollees,
- annual cost of school (for state schools, this is the cost for out-of-state students),
- percentage of students who are minorities,
- percentage of students who are non-U.S. residents, and
- mean starting salary of graduates (in thousands of dollars).
Use these data and the Evolutionary Solver to divide these schools into 4 clusters, by finding 4 schools to be used as cluster centers and assigning all other schools to one of these cluster centers such that the sum of the distances from each school to its cluster center is minimized. More precisely, Each school is then assigned to the nearest cluster center, where nearest is defined in terms of the eight attributes.
What are the 4 cluster centers minimizing the sum of the distances from each school to the nearest cluster center and what is the corresponding optimal value?
Hint: Your model will have four decision variables (changing cells) corresponding to the indexes of the four schools chosen as cluster centers. Thus your constraints would be 1<= centers <=25 and centers=Integer.
Then for each school i, you need to compute the distance between that school and each center. You can use SQRT(SUMXMY2(Data of school i, Data of center j)) for each school i and center j. Then take the minimum of the four values for each school. Your objective function would be the sum of these minimums.
In addition, note that you need to first standardize the value of each attribute by subtracting the attributes mean and dividing the difference by the attributes standard deviation.
below is the classification data
MBA program data | ||||||||
School | % accepted | % accepted who enroll | Mean GMAT | Mean GPA | Total Cost | % minority | % non-US | Mean Starting Salary |
Wharton | 15 | 71 | 662 | 3.42 | 32400 | 16 | 30 | 102 |
Michigan | 28 | 44 | 645 | 3.3 | 29800 | 15 | 26 | 86 |
Northwestern | 14 | 69 | 660 | 3.3 | 32600 | 9 | 24 | 99 |
Harvard | 13 | 88 | 680 | 3.5 | 30100 | 19 | 27 | 114 |
Virginia | 19 | 49 | 660 | 3.1 | 31200 | 20 | 12 | 93 |
Columbia | 14 | 70 | 660 | 3.3 | 32200 | 12 | 24 | 93 |
Stanford | 7 | 81 | 690 | 3.6 | 34500 | 25 | 25 | 111 |
Chicago | 23 | 57 | 685 | 3.4 | 34200 | 5 | 23 | 90 |
MIT | 14 | 12 | 650 | 3.5 | 36700 | 15 | 37 | 101 |
Dartmouth | 14 | 49 | 669 | 3.39 | 32700 | 9 | 16 | 104 |
Duke | 17 | 50 | 646 | 3.33 | 30100 | 12 | 19 | 84 |
UCLA | 17 | 55 | 651 | 3.5 | 27100 | 10 | 20 | 91 |
Berkeley | 13 | 51 | 652 | 3.42 | 29100 | 11 | 35 | 91 |
NYU | 20 | 11 | 646 | 3.3 | 32700 | 8 | 35 | 79 |
Indiana | 45 | 20 | 630 | 3.2 | 21000 | 8 | 16 | 68 |
Washington U | 43 | 40 | 606 | 3.2 | 28000 | 6 | 39 | 62 |
Carnegie-Mellon | 31 | 65 | 638 | 3.2 | 27200 | 2 | 38 | 86 |
Cornell | 25 | 38 | 634 | 3.3 | 29600 | 11 | 28 | 55 |
UNC | 19 | 55 | 630 | 3.3 | 17500 | 16 | 19 | 80 |
Texas | 18 | 12 | 631 | 3.3 | 19100 | 14 | 17 | 69 |
Rochester | 36 | 34 | 630 | 3.22 | 28200 | 9 | 46 | 68 |
Yale | 23 | 54 | 676 | 3.38 | 32000 | 15 | 31 | 88 |
SMU | 62 | 48 | 601 | 3 | 26300 | 5 | 22 | 63 |
Vanderbilt | 42 | 47 | 615 | 3.2 | 29700 | 7 | 23 | 63 |
Thunderbird | 75 | 64 | 572 | 3.41 | 23800 | 10 | 33 | 57 |
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