In: Statistics and Probability
Use the provided excel format to formulate an answer
The Salem Board of Education wants to evaluate the efficiency of the town’s four elementary schools. The three outputs of the schools are
■ output 1 = average reading score
■ output 2 = average mathematics score
■ output 3 = average self-esteem score
The three inputs to the schools are
■ input 1 = average educational level of
mothers
(defined by highest grade completed: 12 = high
school graduate; 16 = college graduate, and so on)
■ input 2 = number of parent visits to school (per child)
■ input 3 = teacher-to-student ratio
The relevant information for the four schools is given in the file
P04_42.xlsx. Determine which (if any) schools are inefficient.
Selected DEA school | |||
Inputs used for outputs produced | |||
Inputs | |||
School | Input 1 | Input 2 | Input 3 |
1 | 13 | 4 | 0.05 |
2 | 14 | 5 | 0.05 |
3 | 11 | 6 | 0.06 |
4 | 15 | 8 | 0.08 |
Outputs | |||
School | Output 1 | Output 2 | Output 3 |
1 | 9 | 7 | 6 |
2 | 10 | 8 | 7 |
3 | 11 | 7 | 8 |
4 | 9 | 9 | 9 |
Input 1 | Input 2 | Input 3 | |
Unit costs of inputs | |||
Output 1 | Output 2 | Output 3 | |
Unit value of outputs | |||
Costs/prices of inputs/outputs used | |||
School | Input costs | Output values | |
1 | |||
2 | |||
3 | |||
4 | |||
Selected school input cost | |||
Selected school output value | |||
School | Efficient or not? | ||
1 | |||
2 | |||
3 | |||
4 |
Use the provided excel format to explain answer