Quiz Space

Business Analytics · End Term · 13 Apr 2025 · January 2025 term · Set QDD3

Question 30: In Figure-2, the customer wants to decide between the pr…

Question 30

+2 marksOne or more correct options

In Figure-2, the customer wants to decide between the products O1 & O2, and x denotes the coordinates of the ideal product. Which of the following are true? (choose all that is applicable)

Select all that apply.

  1. A

    Customers will prefer O1 when d2>d1

  2. B

    Customers will prefer O2 when d1<d2

  3. C

    None of these

Show answer

Correct answer

  • A

    Customers will prefer O1 when d2>d1

See the whole paperTake it as a mock test

Question 30 of 30 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 2 marks.

More questions from this paper

  1. Q1Four teams (1, 2, 3 and 4) have qualified for the final of the cricket world cup. Team 1 plays Team 2. Team 3 plays Tea…
  2. Q2The monthly electric power consumed by the paint shop in an automobile assembly line is thought to be related to “Avera…
  3. Q3The monthly electric power consumed by the paint shop in an automobile assembly line is thought to be related to “Avera…
  4. Q4The monthly electric power consumed by the paint shop in an automobile assembly line is thought to be related to “Avera…
  5. Q5The monthly electric power consumed by the paint shop in an automobile assembly line is thought to be related to “Avera…
  6. Q6The BA discourse is often cluttered with queries / requests related to solutions for Past Year Question Papers (PYQP). …
  7. Q7The BA discourse is often cluttered with queries / requests related to solutions for Past Year Question Papers (PYQP). …
  8. Q8The BA discourse is often cluttered with queries / requests related to solutions for Past Year Question Papers (PYQP). …
  9. Q9A logistic regression model is built to classify images of automobiles into three classes (“Car”, “Bus” and “Auto”). Th…
  10. Q10A logistic regression model is built to classify images of automobiles into three classes (“Car”, “Bus” and “Auto”). Th…
  11. Q11“Milo’s Computation Solutions (MCS)” makes different types of calculators and measuring applications. Currently, the co…
  12. Q12“Milo’s Computation Solutions (MCS)” makes different types of calculators and measuring applications. Currently, the co…
  13. Q13“Milo’s Computation Solutions (MCS)” makes different types of calculators and measuring applications. Currently, the co…
  14. Q14“Milo’s Computation Solutions (MCS)” makes different types of calculators and measuring applications. Currently, the co…
  15. Q15We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has the same approved b…
  16. Q16We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has the same approved b…
  17. Q17We are interested in understanding the efficiency of 5 Sales Offices. Each of the Sales Offices has the same approved b…
  18. Q18There are 6 business units. There are two outputs and one input under consideration. You are solving the optimization p…
  19. Q19There are 6 business units. There are two outputs and one input under consideration. You are solving the optimization p…
  20. Q20Which DMUs are in the economic frontier?
  21. Q21Which DMUs are the reference units for DMU 2?
  22. Q22Which DMUs are the reference units for DMU 3?
  23. Q23The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 \& X2), t…
  24. Q24The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 \& X2), t…
  25. Q25The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 \& X2), t…
  26. Q26The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 \& X2), t…
  27. Q27The Table-8 contains the details of 6 customers who have applied for a bike loan. Based on the two inputs (X1 \& X2), t…
  28. Q28If the attribute values in the conjoint analysis is a continuous variable and the data is collected in a pairwise order…
  29. Q29The part worth can be defined as: (choose all that is applicable)