Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You have been asked to rank order three universities based on the following data. Use the additive weighting technique to rank order the desirability
You have been asked to rank order three universities based on the following data. Use the additive weighting technique to rank order the desirability of the universities. Consider the university with lower total price of a degree to be the preferred one. Larger high school GPA and percent admitted are preferred to smaller ones. Also, the university with the smaller student-faculty ratio is the preferred one. Click the icon to view the table with data you have gathered about the universities. Determine attribute weights and use the nondimensional scaling technique to find the resulting set of university scores and rank the universities in descending order of the final weighted scores. Fill in the table below. (Round to two decimal places.) Name of the university Rank 1 2 3 Final score Relative Rank University A University B University C Total Price of a Degree 4 $160,000 $86,000 $96.000 High School GPA 2 8819 3.1 2.8 3.9 Percent Admitted 1 62 90 40 P Student-Faculty Ratio 3 13/1 26/1 19/1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Let us understand the above table Relative ranking means how important is the ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started