3/8/ XXXXXXXXXXWeighted Ranking Extra-credit Exercise https://psu.instructure.com/courses/2043139/assignments/ XXXXXXXXXX/1 8.5 Weighted Ranking Extra-credit Exercise Due Sunday by 11:59pm Points 0...

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Answered Same DayMar 08, 2021

Answer To: 3/8/ XXXXXXXXXXWeighted Ranking Extra-credit Exercise...

Rajeswari answered on Mar 09 2021
158 Votes
Ranking
In summer we got 5 opportunities (say)
Let us list out the criteria for selecting any one
of these
1. Distance .. IV -- 4
2. Transportation … III -- 3
3. Cost for travel … V -- 5
4. Decent accommodation .. II -- 2
5. Safety … I – 1
Let us select all of these
Total is 15
Now divide each rank by 15 to get probability or weight
    Distance
    4
    0.266667
    0.27
    Transport
    3
    0.2
    0.2
    cost
    5
    0.333333
    0.33
    Accommo
    2
    0.133333
    0.13
    Safety
    1
    0.066667
    0.07
    
    
    
    
    
    15
    1
    1
Let us assume pairwise ranking give the following results
    
    Distance 0.27
    Transport 0.20
    cost 0.33
    Accommo 0.13
    Safety 0.07
    Place I
    I
    IV
    II
    III
    V
    Place II
    III
    II
    V
    I
    IV
    Place III
    III
    V
    IV
    II
    I
    Place IV
    V
    I
    III
    IV
    II
    Place V
    IV
    III
    I
    V
    III
Let us prepare matrix with the criteria...
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