UESTION 4 10 points Save Answer Purchasing a car is something most of you are familiar with

QUESTION 4 10 points Save Answer Purchasing a car is something most of you are familiar with. In fact, as graduation gets closer, many of you may already be thinking of what car you will purchase upon graduating. For the purpose of this exam problem, we will assume that your candidates are the sports cars listed below ad you have collected the information siven eleration Car Price 0 to 60 mph (seconds) MPG $34,665 Turbo To score these cars you will use a 3-point scale it is important to scale all criteria with the same number of points, or the weighting scheme will be thrown off. Thus, if you score the cars on price using a 3-point scale, you must also use a 3-pcint scale for acceleration, MPG, and appearance Make sure that the higher points are assigned to most favorable outcomes After looking over the data you collected on the cars, assume that you have decided on the following 3-point scales for each of the criteria Criteria 1 point 2 points 3 points 000 to S ation 6 seconds ance e of a sedan y sporty

QUESTION 4 10 points Save Answer Purchasing a car is something most of you are familiar with. In fact, as graduation gets closer, many of you may already be thinking of what car you will purchase upon graduating. For the purpose of this exam problem, we will assume that your candidates are the sports cars listed below ad you have collected the information siven eleration Car Price 0 to 60 mph (seconds) MPG $34,665 Turbo To score these cars you will use a 3-point scale it is important to scale all criteria with the same number of points, or the weighting scheme will be thrown off. Thus, if you score the cars on price using a 3-point scale, you must also use a 3-pcint scale for acceleration, MPG, and appearance Make sure that the higher points are assigned to most favorable outcomes After looking over the data you collected on the cars, assume that you have decided on the following 3-point scales for each of the criteria Criteria 1 point 2 points 3 points 000 to S ation 6 seconds ance e of a sedan y sporty

Expert Answer

Following is the table showing calculation of the points. First, the models are rated on a 3 point scale for different parameters. The outcomes are weighted according to the given scheme, assigning 40% for price, 30% for acceleration, 10% for MPG and 20% for appearance.

COMPARATIVE STUDY OF CARS – POINTS TABLE
Car Price Acceleration MPG Appearance Total pts. Avg.
Integra 3 1 3 2 9
Weighted avg. 1.2 0.3 0.3 0.4 2.2 0.55
BMW 325 3 1 3 3 10
Weighted avg. 1.2 0.3 0.3 0.6 2.4 0.6
Corvette 1 1 1 2 5
Weighted avg. 0.4 0.3 0.1 0.4 1.2 0.3
Stealth Turbo 1 2 2 3 8
Weighted avg. 0.4 0.6 0.2 0.6 1.8 0.45
RX7 1 1 1 3 6
Weighted avg. 0.4 0.3 0.1 0.6 1.4 0.35
300 ZX Turbo 3 1 1 3 8
Weighted avg. 1.2 0.3 0.1 0.6 2.2 0.55

According to the outcomes we can assign the scores as

Integra – 2.2

BMW 325 – 2.4

Corvette – 1.2

Stealth Turbo – 1.8

RX7 – 1.4

300 ZX Turbo – 2.2

First choice – BMW 325

Second choice – Integra or 300 ZX Turbo

Third choice – Integra or 300 ZX Turbo

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