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The following Table gives the cost and technical characteristics of 4 models of motorcars answer the questions with steps. The following Table gives the cost

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The following Table gives the cost and technical characteristics of 4 models of motorcars answer the questions with steps.

The following Table gives the cost and technical characteristics of 4 models of motorcars. a) Specify a prospective client that you have in mind for your analysis and assign weights (Relative importance) to the technical characteristics in view of your specified client. b) Use the cost-effectiveness analysis to select the model with the highest Effectiveness/Cost ratio. c) Determine whether buying the model with highest effectiveness is economically justified relative to the model you selected in (b). Model B Model C Model D Cost (C) $ Relative safety Relative comfort Relative fuel economy Relative power of engine Relative storage (boot/trunk) capacity Relative styling and aesthetic quality Model A 30,000 9 9 5 9 7 25,000 8 8 6 8 9 20,000 7 7 8 6 7 15,000 7 6 9 5 5 9 7 7 6

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