David recently accepted a job in Florida and wants to buy a new condominium. The matrix of possible outcomes is given in the table below. What can David conclude using nondimensional scaling and additive weighting?
n
Attributes e side view tance from work ghborhood ected increase in property ue at the end of 5 years Weight 0.300.200.250.100.15 Alternative I $220,000911 Good 19% Alternative II $270,000821 Fair 11% Alternative III $320,000736 Excellent 16% Acceptable Ra $220,000−$320,8−1011−21 Good- Excelle 11%−$16 Attributes e side view tance from work ghborhood ected increase in property ue at the end of 5 years Weight 0.300.200.250.100.15 Alternative I $220,000911 Good 19% Alternative II $270,000821 Fair 11% Alternative III $320,000736 Excellent 16% Acceptable Ra $220,000−$320,8−1011−21 Good- Excelle 11%−$16
Definitions:
Interrelated Parts
Components or elements that are connected in such a way that changes in one can affect the others.
Tabula Rasa
A theory asserting that individuals are born without built-in mental content, and that all knowledge comes from experience or perception.
Blank Slate
The theory that individuals are born without built-in mental content and that all knowledge comes from experience or perception.
Human Knowledge
The accumulated factual information, understanding, and skills that humans acquire through experience, education, and learning.