Answer 3) Which of the following inputs of a decision model is an example of dat

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Answer 3) Which of the following inputs of a decision model is an example of data? A) estimated consumer demand B) inflation rates C) costs D) investment allocations Answer 4) Descriptive decision models: A) aim to predict what will happen in the future. B) describe relationships but do not tell a manager what to do. C) help analyze the risks associated with various decisions. D) do not facilitate evaluation of different decisions. Answer: 5) The total cost of reaching consumers (C) depends upon the number of consumers (N). advertising costs (A), and transportation costs (T). The linear cost prediction model is represented as: where c, n, a, and t are constants and c estimates the total cost when the remaining variables are zero. Which of the following interpretations is true about this model? A) Change in variables N, A, and T will cause n, a, and t to change. B) As n decreases, c will increase. C) When variables N, A, and T are zero, C- cntat D) Change in variables N, A, and T will not reflect any changes in c. Answer 6) Prescriptive decision models help: A) make predictions of how demand is influenced by price. B) make trade-offs between greater rewards and risks of potential losses. C) decision makers identify the best solution to decision problems. D) describe relationships and influence of various elements in the model. Answer: 7) The manager at Soul Walk Inc., a shoe manufacturing company, wants to set a new price (P) for a shoe model to maximize total profit. The demand (D) as a function of price is represented as. D -1,500-2.5P The total cost (C) as a function of demand is represented as: C-3,200+3.5D Which of the following is a model for total profit as a function of price? A) (1,508.75x price) (2.5 x price)-8,450 B) (3.5 x price) +3,200- (1925.50 x price) C) (1,250 x price) +(5 x price)-8,320 D) [4521 + (4.5 × price)] × price. 9684.25

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If you post more than 1 question, as per chegg guidelines I have to solve only first question.

Ques 3. Answer : costs

Decision model is a model which is used to reach to a decision using analysis, facts and a step-by-step process in order to reach to a decision. These steps require data as input. AMong all the given options, cost represent data.

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