Quiz Space

Business Analytics · End Term · 13 Apr 2025 · January 2025 term · Set QDD1

Question 24: Which DMUs are in the economic frontier?

Question 24

+1 markOne correct option

As a Business Analyst, we are trying to find the DMUs that are efficient, where there are 2 outputs (Number of Leads & Sales) and one constant input. Based on the graph given in Figure-4 below, answer the given sub-questions

Which DMUs are in the economic frontier?

  1. A

    (3,2,1)

  2. B

    (3,2,5)

  3. C

    (4,5,2)

  4. D

    (3,4,1)

Show answer

Correct answer

  • D

    (3,4,1)

Video solution

The video solution to this question is being recorded and will play here. Until then, the answer key is above.

See the whole paperTake it as a mock test

Question 24 of 33 in the IIT Madras BS Business Analytics (Business Analytics) End Term paper sat on 13 Apr 2025, in the January 2025 term (IIT M DIPLOMA AN EXAM QDD3 13 Apr 2025). It carries 1 mark.

More questions from this paper

  1. Q1Which of the following distributions is/are not symmetric in nature (choose all that are applicable)?
  2. Q2Which of the following is/are <u>required</u> to build an empirical distribution? (choose all that are applicable)
  3. Q3Given the Chisquare table in Figure-2, what is the conclusion from the test at a 95% significance level? (choose all th…
  4. Q4If the attribute values in the conjoint analysis is a continuous variable and the data is collected in a pairwise order…
  5. Q5The part worth can be defined as (choose all that may be applicable)
  6. Q6In Figure-3 the customer wants to decide between the products O1 \& O2, and x denotes the coordinates of the ideal prod…
  7. Q7There are 7 business units and you are using the DEA to compare them. You solve the LP for business unit 5. You find fr…
  8. Q8In DEA, when can the Linear Programming model be used for calculating the weights of efficiency (weighted outputs/weigh…
  9. Q9(The following is a purely imaginary scenario)\ A demand response curve is modelled using linear regression. The partia…
  10. Q10(The following is a purely imaginary scenario)\ A demand response curve is modelled using linear regression. The partia…
  11. Q11(The following is a purely imaginary scenario)\ A demand response curve is modelled using linear regression. The partia…
  12. Q12(The following is a purely imaginary scenario)\ A demand response curve is modelled using linear regression. The partia…
  13. Q13(The following is a purely imaginary scenario)\ A demand response curve is modelled using linear regression. The partia…
  14. Q14| | Pairwise Correlation Values | | | | |---|---|---|---|---| | | Event Ambience | Fairness of Event Judges | Event Con…
  15. Q15| | Pairwise Correlation Values | | | | |---|---|---|---|---| | | Event Ambience | Fairness of Event Judges | Event Con…
  16. Q16| | Pairwise Correlation Values | | | | |---|---|---|---|---| | | Event Ambience | Fairness of Event Judges | Event Con…
  17. Q17There are six business units. There are two outputs and one input under consideration. You are solving the optimization…
  18. Q18There are six business units. There are two outputs and one input under consideration. You are solving the optimization…
  19. Q19| Production Day in the Month | Number of Defective Teddy Bears Produced | |---|---| | Day-1 | 5 | | Day-2 | 0 | | Day-…
  20. Q20| Production Day in the Month | Number of Defective Teddy Bears Produced | |---|---| | Day-1 | 5 | | Day-2 | 0 | | Day-…
  21. Q21| Production Day in the Month | Number of Defective Teddy Bears Produced | |---|---| | Day-1 | 5 | | Day-2 | 0 | | Day-…
  22. Q22If the intention is to maximize the profit, then what is the optimal selling price if the item is going to be made at R…
  23. Q23What is the maximum profit that can be generated? (Note: Enter the answer <u>rounded to two</u> <u>decimal places.</u> …
  24. Q25Which DMUs are the reference units for DMU 2?
  25. Q26Which DMUs are the reference units for DMU 5?
  26. Q27(The following is a purely imaginary scenario)\ An insurance company believes that people can be divided into two class…
  27. Q28(The following is a purely imaginary scenario)\ An insurance company believes that people can be divided into two class…
  28. Q29A fintech company wants to assess the performance of its classification model, which predicts loan approval (positive c…
  29. Q30A fintech company wants to assess the performance of its classification model, which predicts loan approval (positive c…
  30. Q31A fintech company wants to assess the performance of its classification model, which predicts loan approval (positive c…
  31. Q32A fintech company wants to assess the performance of its classification model, which predicts loan approval (positive c…
  32. Q33A fintech company wants to assess the performance of its classification model, which predicts loan approval (positive c…