Overall Probability Ratings for Decision variables
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I have the following:
Decision Variable A: rating =80% weighting = 5%
Decision Variable B: rating = 30% weighting =10%
Decision Variable C: rating = 53% Weighting = 50%
Decision Variable D: rating = 10% weighting = 15%
Decision Variable E: rating = 57% weighting = 20%
Determine the overall probability (rating), given all the ratings and weightings that, when A, B, C, D and E are combined.
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Solution Summary
Overall probability rating is determined. The ratings and weightings are provided.
Solution Preview
Since the ratings and the weights are in percentages, we first convert them to decimal form and get
Decision Variable A: rating = 0.80, weight = ...
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