// Numbas version: exam_results_page_options
{"name": "Decision Making ( Resit exam)", "extensions": [], "custom_part_types": [], "resources": [], "navigation": {"allowregen": true, "showfrontpage": false, "preventleave": false, "typeendtoleave": false}, "question_groups": [{"pickingStrategy": "all-ordered", "questions": [{"name": "Decision Making ( Resit exam)", "tags": [], "metadata": {"description": "", "licence": "None specified"}, "statement": "<p>The sandwich shop &lsquo;Heaton Sandwich&rsquo; is considering opening a new shop in town. It is considering three different options for the new shop</p>\n<ul>\n<li>Sell sandwiches only</li>\n<li>Sell sandwiches and burgers</li>\n<li>Sell a range of hot lunches</li>\n</ul>\n<p>The shop owner has estimated how many customers will visit the shop during a typical lunchtime period. He has a high, medium and low estimate for number of customers. He has calculated how much profit (in &pound; x 1000) the shop will make in each situation (shown below in Table 1)</p>\n<p>Table 1: payoff table, profit in pounds (&pound; x 1000)</p>\n<table>\n<tbody>\n<tr>\n<td width=\"213\">\n<p>&nbsp;</p>\n</td>\n<td colspan=\"3\" width=\"367\">\n<p>Number of Customers</p>\n</td>\n</tr>\n<tr>\n<td width=\"213\">\n<p>&nbsp;</p>\n</td>\n<td width=\"118\">\n<p>High</p>\n</td>\n<td width=\"107\">\n<p>Medium</p>\n</td>\n<td width=\"142\">\n<p>Low</p>\n</td>\n</tr>\n<tr>\n<td width=\"213\">\n<p>Sandwiches</p>\n</td>\n<td width=\"118\">\n<p>20</p>\n</td>\n<td width=\"107\">\n<p>15</p>\n</td>\n<td width=\"142\">\n<p>10</p>\n</td>\n</tr>\n<tr>\n<td width=\"213\">\n<p>Sandwiches and burgers</p>\n</td>\n<td width=\"118\">\n<p>30</p>\n</td>\n<td width=\"107\">\n<p>20</p>\n</td>\n<td width=\"142\">\n<p>11</p>\n</td>\n</tr>\n<tr>\n<td width=\"213\">\n<p>Hot Lunches</p>\n</td>\n<td width=\"118\">\n<p>42</p>\n</td>\n<td width=\"107\">\n<p>30</p>\n</td>\n<td width=\"142\">\n<p>-6</p>\n</td>\n</tr>\n</tbody>\n</table>", "advice": "", "rulesets": {}, "extensions": [], "variables": {}, "variablesTest": {"condition": "", "maxRuns": 100}, "ungrouped_variables": [], "variable_groups": [], "functions": {}, "preamble": {"js": "", "css": ""}, "parts": [{"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "showCorrectAnswer": false, "showFeedbackIcon": false, "scripts": {}, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "adaptiveMarkingPenalty": 0, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "prompt": "<p>Write down the best decision using each of the maximax rule</p>", "minMarks": 0, "maxMarks": 0, "shuffleChoices": false, "displayType": "dropdownlist", "displayColumns": 0, "showCellAnswerState": false, "choices": ["Hot lunches", "&nbsp;Sandwiches and burger", "&nbsp;Sandwiches"], "matrix": ["2", 0, 0], "distractors": ["", "", ""]}, {"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "showCorrectAnswer": false, "showFeedbackIcon": false, "scripts": {}, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "adaptiveMarkingPenalty": 0, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "prompt": "<p>Write down the best decision using each of the the maximin rule</p>", "minMarks": 0, "maxMarks": 0, "shuffleChoices": false, "displayType": "dropdownlist", "displayColumns": 0, "showCellAnswerState": false, "choices": ["Sandwiches", "Hot lunches", "&nbsp;Sandwiches and burgers"], "matrix": [0, 0, "2"], "distractors": ["", "", ""]}, {"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "showCorrectAnswer": false, "showFeedbackIcon": false, "scripts": {}, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "adaptiveMarkingPenalty": 0, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "prompt": "<p>Write down the best decision using the minimax regret rule</p>", "minMarks": 0, "maxMarks": 0, "shuffleChoices": false, "displayType": "dropdownlist", "displayColumns": 0, "showCellAnswerState": false, "choices": ["Hot lunches", "Sandwiches and burgurs", "Sandwiches"], "matrix": [0, "6", 0], "distractors": ["", "", ""]}, {"type": "1_n_2", "useCustomName": false, "customName": "", "marks": 0, "showCorrectAnswer": false, "showFeedbackIcon": false, "scripts": {}, "variableReplacements": [], "variableReplacementStrategy": "originalfirst", "adaptiveMarkingPenalty": 0, "customMarkingAlgorithm": "", "extendBaseMarkingAlgorithm": true, "unitTests": [], "prompt": "<p>The probabilities associated with the number of customers are as follows; 0.3 for High, 0.2 for Medium and 0.5 for Low.</p>\n<p>&nbsp;Calculate the best decision using the EMV (expected monetary value)</p>", "minMarks": 0, "maxMarks": 0, "shuffleChoices": false, "displayType": "dropdownlist", "displayColumns": 0, "showCellAnswerState": false, "choices": ["Sandwiches", "Sandwiches and burgers", "Hot lunches"], "matrix": [0, "4", 0], "distractors": ["", "", ""]}], "contributors": [{"name": "Shihan Miah", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/4456/"}]}]}], "contributors": [{"name": "Shihan Miah", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/4456/"}]}