MA6600 LP 1 Assignment Drink @ Home, Inc.
LP1 Assignment: Drink at Home Decision Tree
This assignment will assess the following competencies:
1. Evaluate the best fit of information in the decision making process.
3. Analyze the rules of probability in real situations and how to make decisions accordingly.Â
Directions
Before completing this assignment you will need to download QM for Windows, or Excel QM.
Go to the Quantitative Analysis for Management, 13th ed., Additional Book Resources.
Download QM for Windows, or Excel QM and the Internet Case Studies.
1) Complete the Internet Case Study 03-01, "Drink-At-Home, Inc."
(Hint: you will need to create a decision tree in Excel QM or POM/QM for windows)
2) What is the difference between a prior and a posterior probability? Be sure to include discussion of the Bayes Process/Theorem and how this is used with the types of probabilities (hint: page 27)
Carefully read the grading criteria on the LP1 Assignment Rubric to ensure you understand how this assignment will be graded. Â
Submit this assignment to your instructor via the dropbox LP1 Assignment: Drink at Home Decision Tree.  This assignment is worth 80 points; grading will be based on the LP1 Assignment Rubric.
Answers
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Posted 02 Aug 2017 12:08 PM
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