The Motley Crew Investing Club wishes to purchase stock in a pharmaceutical company. The choices are American

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The Motley Crew Investing Club wishes to purchase stock in a pharmaceutical company. The choices are American Pharmacy (A), Burrows-Welcome (B), Chicago Labs (C), Dow Chemical (D), and Emerging Medicines (E). The choice rankings are shown in the following preference table.

Number of Votes First 12 8 B A Second D D B C D D Third A Fourth A B B B в Fifth A D A A A 2. 2. 4)

Before calculating the results of this election, the club learns that Chicago Labs has filed for bankruptcy. 

(a) Using the pairwise comparison method, which company is chosen if Chicago Labs is included?

(b) Using the pairwise comparison method, which company is chosen if Chicago Labs is eliminated from the preference table? 

(c) Does this second result violate the irrelevant alternatives criterion?

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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