Marilyn Helm Retailers is attempting to decide on a location fora new retail outlet. At the? moment, the firm has three?alternatives: stay where it is but enlarge the? facility; locatealong the main street in nearby Newbury?; or locate in a newshopping mall in Hyde Park.
The company has selected the four factors listed in thefollowing table as the basis for evaluation and has assignedweights as? shown:
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
Factor | Factor Description | Weight | Present LocationPresent Location | NewburyNewbury | Hyde ParkHyde Park |
1 | Average community income | 0.400.40 | 3535 | 5555 | 5050 |
2 | Community growth potential | 0.150.15 | 1515 | 2525 | 8080 |
3 | Availability of public transportation | 0.200.20 | 2525 | 5555 | 5555 |
4 | Labor? availability, attitude, and cost | 0.250.25 | 8585 | 5555 | 4545 |
?a) Based on the given? information, the best location forMarilyn Helm Retailers is to open the new retail outlet in _____,with a total weighted score of_____?(Enter your response rounded totwo decimal? places.)
?b) A new subway station is scheduled to open across the streetfrom the present location in about a? month, so its third factorscore should be raised to 75. Then, the best location for MarilynHelm Retailers is to open the new retail outlet in ______, with atotal weighted score of ____.(Enter your response rounded to twodecimal?places.)