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 You have just graduated from college and are looking to buy your
first car. Money is tight right now, so you are concerned with
initial cost as well as ongoing expenses. At the same time, you
don’t want to drive a slow, ugly car like your parents do. You have
narrowed your choices down to two vehicles: a Honda Enigma and a
Porsche Booster. Based on the rankings in the table (found under
Chapter 2, Problem 1 in the textbook), calculate the value index
for each car. Which car provides you with the greatest value? Use
formulas to calculate the answer to one decimal point. Respond to
at least two of your classmates’ postings.
can you think of (and share) ways you might use a value index in
either a professional or personal situation?

Importance to you      Honda     Porsche
BOOSTR  o
Fuel economy    3                5             2
Reliability          5                   5             2
Speed and          4             2             5
handling
Aesthetics          4                   2             5
After-sales         2                   4             4
support
Purchase price  4               4              1

 

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