Decision Analysis

Today's Electronics specializes in manufacturing modern electronic components. It also builds

the equipment that produces the components. Phyllis Weinberger, who is responsible for

advising the president of Today's Electronics on electronic manufacturing equipment, has

developed the following table concerning a proposed facility:

What decision should be taken using the:

a$)$ Optimistic $($Maximax$)$ criteria,

b$)$ Pessimistic $($Maximin$)$ criteria,

c$)$ Criterion of Realism $($Hurwicz Criterion$)$ with alpha $()=0\mathrm{.}80,$ and

d$)$ Equally Likely $($Laplace$)?$

Requirement: Present your table as the basis of your answers.

Regression Analysis

A$.$ Develop a regression model to predict the total number of victories based on the payroll.

Use the model to predict the number of victories for a team with a payroll of $$79$ million.

Based on the results of the computer output, discuss the relationship between payroll

and victories.