Question: Answer the question. David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in

Answer the question. David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?

Attributes Weight Alternative I Alternative II Alternative III Acceptable Range
Price 0.30 $220,000 $270,000 $320,000 $220,000-$320,000
Outside view 0.20 9 8 7 8-10
Distance from work 0.25 11 21 36 11-21
Neighborhood 0.10 Good Fair Excellent Good-Excellent
Expected increase in property value at the end of 5 years 0.15 19% 11% 16% 11%-$16

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