Sandy Foster, a student, and is looking for an apartment to rent. She is only co
ID: 419620 • Letter: S
Question
Sandy Foster, a student, and is looking for an apartment to rent. She is only considering apartments which are (1) on the bus line to Sugar Land campus, and (2) do not cost more than $400 per month. Sandy is using:
a.An expectancy value rule
b.A conjunctive rule
c.A lexicographic rule
d.A disjunctive rule
e.None of a, b, c, or d
Suppose the sales data (in units) for a small Internet firm is as follows. What is your sales forecast for October by using a three-month moving average approach?
January
150
February
180
March
160
April
145
May
165
June
180
July
220
August
200
September
170
October
??
a.187 units.
b.196.7 units.
c.163.33 units.
d.192.5 units
e.None of the Above
a.An expectancy value rule
b.A conjunctive rule
c.A lexicographic rule
d.A disjunctive rule
e.None of a, b, c, or d
Explanation / Answer
1.
C
Since Sandy wants both the features as compulsory, then she is using lexicographic rule of decision making.
2.
B
Working note:
3-month MA for October = (220+200+170)/3
3-month MA for October = 196.7 units
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