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?
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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
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Definitions:
Income and Capital
Refers to the two primary ways wealth is generated: income through earnings like wages and investments, and capital through appreciating assets like real estate or stocks.
Assets Only
A focus on the asset side of the balance sheet, disregarding liabilities and equity to concentrate solely on the resources owned by a company.
Cross-tabulations
Statistical tools that summarize the distribution of two or more categorical variables in the form of a table, allowing for examination of relationships between them.
Categorical Data
Data that represent characteristics and can be divided into groups or categories that are distinctly different from one another.