Homework Answers
1st question
Minimum payoff for decision alternative 1 = 12
Minimum payoff for decision alternative 2 = 10
Minimum payoff for decision alternative 3 = 11
Minimum payoff for decision alternative 4 = 11
Maximum of these minimum payoffs = 12 which belongs to alternative 1
Hence best decision alternative using Maximin criterion is 1) Decision alternative 1
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What is the best decision alternative using the MaxiMin...
Question 1 (1 point) The error in the forecast for Period 5 when Three period moving...
Question 1 (1 point) The error in the forecast for Period 5 when Three period moving average forecast method is used:(Please round to 2 decimals for your answer which looks like 0.52) 3-Period MA Forecast Error Absolute Absolute Percent Error Error Squared Error X(Period) Y(Sales) 1 3 2 6.1 3 10.7 4 5.0 5 17 16 12 7 Your Answer: Answer Question 2 (1 point) ✓ Saved What will be the demand without seasonal impact if the actual demand is...
reply fast for a thumbs up please Question 23 (1 point) A restaurant sells pizza at...
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Question 23 (1 point) A restaurant sells pizza at a rate of $10.33/slice. Expenses for the restaurant include raw material for pizza at $3.83 per slice, $186.00 as monthly rental and $56.00 monthly as insurance. How many slices should the restaurant sell in a month to break even? Answer rounded to 1 decimal points following standard rules for rounding Your Answer: Answer Question 24 (1 point) If the BIAS value of sales forecast...
please reply fast for a thumbs up ?? What will be the Bias for the table...
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What will be the Bias for the table below? (Round your answer to 2 decimal places) 1 Period Sales(Smillions) Forecast Error Absolute Error Squared Error Abs Percent error 7 2 5 3 9 15.00 4 11 7.00 5 6.3 8.33 Your Answer: Answer Question 11 (1 point) Using Four period Moving average, what is the MSE(Mean Squared Error) based on the table below?(Round your answer to 2 decimal places) Four period moving...
please reply fast for a thumbs up At what quantity is selling either of the products...
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At what quantity is selling either of the products equally profitable (point of indifference i.e. crossover point)? Price/Unit Variable Cost/unit Fixed Cost Product 1 Product 2 68 18 39,000 50 29 20,750 (Answer rounded to 0 decimal points, use standard rounding procedure) Your Answer: Answer Question 12 (1 point) The Simple Exponential Smoothing (SES) forecast with an alpha of.25 for period 4 is: (round to 2 decimal places) Absolute Absolute Percent Squared Error...
please reply fast for a thumbs up???? Question 5 (1 point) The error in the forecast...
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Question 5 (1 point) The error in the forecast for Period 5 when Three period moving average forecast method is used:(Please round to 2 decimals for your answer which looks like 0.52) Absolute Absolute Percent Squared Error Error Error 1 3-Period MA X(Period) Y(Sales) Forecast Error 3 2 4.0 3 10.0 4 5.4 5 17 6 12 7 Your Answer: Answer
please reply fast for a thumbs up???? Question 27 (1 point) What will be the MAPE...
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Question 27 (1 point) What will be the MAPE (Mean Absolute Percent Error) of the table below? (Round your answer to 2 decimal places, keep in decimal format) 1 Three period moving average Period Sales(Smillions) Forecast Error Absolute Error Squared Error Abs Percent error 7 2 5 3 9 4 11 7.00 5 12.8 8.33 Your Answer: Answer Question 28 (1 point) A company makes wireless routers. Their profit from each sale is...
please reply fast for a thumbs up?? Answer Question 37 (1 point) The Forecast for period...
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Answer Question 37 (1 point) The Forecast for period 4 when Three period moving average forecast method is used:(Please round to 2 decimal places) Absolute Absolute Percent Squared Error Error Error 1 3-Period MA X(Period) Y(Sales) Forecast Error 3.4 2 4.8 3 10.6 4 10 5 15 6 12 7 Your Answer: Answer Question 34 (1 point) Based on the below data what will be the value of standard error of the regression...
Question 38 (1 point) Using EVUII, which Decision Alternative would you chose? State Nature Good Poor...
Question 38 (1 point) Using EVUII, which Decision Alternative would you chose? State Nature Good Poor 0.2 33 of Average 0.5 26 29 Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 0.3 18 31 18 15 NNN 16 23 11 1) Decision Alternative 1 2) Decision Alternative 2 3) Decision Alternative 3 4) Decision Alternative 4 action 2011 point) ✓ Saved Question 4 (1 point) Build the Opportunity Loss (Regret) table for the...
help please. thumbs up and thank you. During the last three months (April, May, and June)...
help please. thumbs up and thank you.
During the last three months (April, May, and June) of the first fiscal year of operations of My Assistant, a few new types of transactions began to occur. These involve different ways the company is paying for some items, different ways the company is being paid, and the earning of interest. In all cases, keep in mind that economic events need to be reported when they Occur (when revenues are eamed and when...
please provide answers and explanations if possible. thumbs up. thank you. During the last three months...
please provide answers and explanations if possible. thumbs up.
thank you.
During the last three months (April, May, and June) of the first fiscal year of operations of My Assistant, a few new types of transactions began to occur. These involve different ways the company is paying for some items, different ways the company is being paid, and the earning of interest. In all cases, keep in mind that economic events need to be reported when they occur when revenues...
Question 1 (1 point) The error in the forecast for Period 5 when Three period moving average forecast method is used:(Please round to 2 decimals for your answer which looks like 0.52) 3-Period MA Forecast Error Absolute Absolute Percent Error Error Squared Error X(Period) Y(Sales) 1 3 2 6.1 3 10.7 4 5.0 5 17 16 12 7 Your Answer: Answer Question 2 (1 point) ✓ Saved What will be the demand without seasonal impact if the actual demand is...
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Question 23 (1 point) A restaurant sells pizza at a rate of $10.33/slice. Expenses for the restaurant include raw material for pizza at $3.83 per slice, $186.00 as monthly rental and $56.00 monthly as insurance. How many slices should the restaurant sell in a month to break even? Answer rounded to 1 decimal points following standard rules for rounding Your Answer: Answer Question 24 (1 point) If the BIAS value of sales forecast...
please reply fast for a thumbs up ??
What will be the Bias for the table below? (Round your answer to 2 decimal places) 1 Period Sales(Smillions) Forecast Error Absolute Error Squared Error Abs Percent error 7 2 5 3 9 15.00 4 11 7.00 5 6.3 8.33 Your Answer: Answer Question 11 (1 point) Using Four period Moving average, what is the MSE(Mean Squared Error) based on the table below?(Round your answer to 2 decimal places) Four period moving...
please reply fast for a thumbs up
At what quantity is selling either of the products equally profitable (point of indifference i.e. crossover point)? Price/Unit Variable Cost/unit Fixed Cost Product 1 Product 2 68 18 39,000 50 29 20,750 (Answer rounded to 0 decimal points, use standard rounding procedure) Your Answer: Answer Question 12 (1 point) The Simple Exponential Smoothing (SES) forecast with an alpha of.25 for period 4 is: (round to 2 decimal places) Absolute Absolute Percent Squared Error...
please reply fast for a thumbs up????
Question 5 (1 point) The error in the forecast for Period 5 when Three period moving average forecast method is used:(Please round to 2 decimals for your answer which looks like 0.52) Absolute Absolute Percent Squared Error Error Error 1 3-Period MA X(Period) Y(Sales) Forecast Error 3 2 4.0 3 10.0 4 5.4 5 17 6 12 7 Your Answer: Answer
please reply fast for a thumbs up????
Question 27 (1 point) What will be the MAPE (Mean Absolute Percent Error) of the table below? (Round your answer to 2 decimal places, keep in decimal format) 1 Three period moving average Period Sales(Smillions) Forecast Error Absolute Error Squared Error Abs Percent error 7 2 5 3 9 4 11 7.00 5 12.8 8.33 Your Answer: Answer Question 28 (1 point) A company makes wireless routers. Their profit from each sale is...
please reply fast for a thumbs up??
Answer Question 37 (1 point) The Forecast for period 4 when Three period moving average forecast method is used:(Please round to 2 decimal places) Absolute Absolute Percent Squared Error Error Error 1 3-Period MA X(Period) Y(Sales) Forecast Error 3.4 2 4.8 3 10.6 4 10 5 15 6 12 7 Your Answer: Answer Question 34 (1 point) Based on the below data what will be the value of standard error of the regression...
Question 38 (1 point) Using EVUII, which Decision Alternative would you chose? State Nature Good Poor 0.2 33 of Average 0.5 26 29 Decision Alternative Probabilities Decision Alternative 1 Decision Alternative 2 Decision Alternative 3 Decision Alternative 4 0.3 18 31 18 15 NNN 16 23 11 1) Decision Alternative 1 2) Decision Alternative 2 3) Decision Alternative 3 4) Decision Alternative 4 action 2011 point) ✓ Saved Question 4 (1 point) Build the Opportunity Loss (Regret) table for the...
help please. thumbs up and thank you.
During the last three months (April, May, and June) of the first fiscal year of operations of My Assistant, a few new types of transactions began to occur. These involve different ways the company is paying for some items, different ways the company is being paid, and the earning of interest. In all cases, keep in mind that economic events need to be reported when they Occur (when revenues are eamed and when...
please provide answers and explanations if possible. thumbs up.
thank you.
During the last three months (April, May, and June) of the first fiscal year of operations of My Assistant, a few new types of transactions began to occur. These involve different ways the company is paying for some items, different ways the company is being paid, and the earning of interest. In all cases, keep in mind that economic events need to be reported when they occur when revenues...
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