You are analyzing bids from two organizations. Steelers-Are-Us Company scored 75 points on the quality evaluation...
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You are analyzing bids from two organizations. Steelers-Are-Us Company scored 75 points on the quality evaluation (out of a scale of 100 points), while Buffalo-is-You Company scored 85 points. The overall weighting your company uses is 65% for price and 35% for quality. To translate quality into dollar amounts to combine with price, each point not earned in the quality evaluation is considered equal to $200. Assuming that Steelers-Are-Us just finalized its bid at $12,000, what is the maximum price in whole dollars that the Buffalo-Is-You Company would have bid to win the contract? Select one: O a. Just below $12,000 O b. Just below $13,076.92 O c. About $15,000.00 d. Exactly $12,000 You are analyzing bids from two organizations. Steelers-Are-Us Company scored 75 points on the quality evaluation (out of a scale of 100 points), while Buffalo-is-You Company scored 85 points. The overall weighting your company uses is 65% for price and 35% for quality. To translate quality into dollar amounts to combine with price, each point not earned in the quality evaluation is considered equal to $200. Assuming that Steelers-Are-Us just finalized its bid at $12,000, what is the maximum price in whole dollars that the Buffalo-Is-You Company would have bid to win the contract? Select one: O a. Just below $12,000 O b. Just below $13,076.92 O c. About $15,000.00 d. Exactly $12,000
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Related Book For
Statistics Principles and Methods
ISBN: 978-0470904114
7th edition
Authors: Richard A. Johnson, Gouri K. Bhattacharyya
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