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The Rivertown City Council Is Attempting to Choose One of Four

question 138

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The Rivertown city council is attempting to choose one of four sites (A,B,C,or D) as the location for its new emergency facility.After the new emergency facility becomes available for service,the current emergency facility will be shut down.The project manager has estimated the following response times in minutes from each of the proposed sites to the four areas that must be served by the emergency facility. \quad \quad \quad \quad \quad \quad \quad Area Served \text { Area Served }
 Proposed  Site 1234 A 5.24.43.66.5 B 6.07.43.44.0 C 5.85.95.95.8 D 4.34.86.55.1\begin{array} { c c c c c } \text { Proposed } & & \\\text { Site } & 1 & 2 & 3 & 4 \\\text { A } & 5.2 & 4.4 & 3.6 & 6.5 \\\text { B } & 6.0 & 7.4 & 3.4 & 4.0 \\\text { C } & 5.8 & 5.9 & 5.9 & 5.8 \\\text { D } & 4.3 & 4.8 & 6.5 & 5.1\end{array}
The number of emergency runs from the current emergency facility to each of the four areas over the past year is as follows:  Area 1234 Number of runs 1506517592\begin{array} { l c c c c } \text { Area } & 1 & 2 & 3 & 4 \\\text { Number of runs } & 150 & 65 & 175 & 92\end{array}
Compute the weighted mean response time from the proposed locations and determine which proposed site should be selected for the new emergency facility.


Definitions:

Debt-To-Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

Times Interest Earned

A financial ratio that measures a company's ability to meet its debt obligations by comparing its earnings before interest and taxes (EBIT) to its interest expenses.

Gross Margin Percentage

The portion of sales revenue that exceeds the cost of goods sold, expressed as a percentage, indicating the financial health of product sales.

Net Profit Margin Percentage

A financial metric that shows the percentage of revenue remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total sales.

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