Question

A grocery store is trying to find a new vendor for carrots. Its three criteria are: 1. Freshness, 2. Lot Size, and 3. Cost, with factor weights of .6, .1, and .3, respectively. What would a vendor with ratings of 6, 8, and 10 in the three respective categories score as a weighted total?

Answer 1

Answer:

7.4

Explanation:

Let  

Wi= weighted factor

Xi = ratings

Then,  

Weighted total ratings = Sum of (Xi*Wi) / Sum of Wi

We know that the weights W1 =0.6,  W2= 0.1, W3 = 0.3

Ratings X1 = 6 , X2 = 8, X3 = 10

Total of weights = 0.6+0.1+0.3 = 1

Total ratings = 0.6*6 + 0.1*8 + 0.3*10 = 3.6 + 0.8 + 3 = 7.4

Rating Score = Total  ratings/ total weights

                   = 7.4/ 1

                   = 7.4