Exhibit 14.8 The Following Questions Use the Information Below

question 7

Multiple Choice

Exhibit 14.8
The following questions use the information below.
A company needs to buy a new insurance policy. They have three policies to choose from, A, B and C. The policies differ with respect to price, coverage and ease of billing. The company has developed the following AHP tables for price and summary. The other tables are not shown due to space limitations.
-Refer to Exhibit 14.8. What formula should go in cell G11 and get copied to G12:G13 of the Price worksheet to compute the Consistency Measure?

• A) =MMULT(C4:E4,$F$11:$F$13)
• B) =SUMPRODUCT(C4:E4,$F$11:$F$13)/F11
• C) =MMULT(C4:E4,$F$11:$F$13)/F11
• D) =MMULT(C7:E7,$F$11:$F$13)/F11

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Definitions:

Discount Rate

The interest rate applied for calculating the present worth of anticipated cash flows in future during the discounted cash flow analysis process.

Compounded Monthly

Interest calculation method where the interest earned each month is added to the principal, thus increasing the amount of subsequent interest accrued.

Factorial ANOVA

A statistical test used to determine the effect of two or more independent variables on a dependent variable, allowing for interactions between variables.

ANOVA

A statistical method used to compare the means of three or more samples to find out if at least one sample mean is significantly different from the others, considering variation within and between groups.