The director of career advising at Grand Valley Community College wants to use decision analysis to provide information to help students decide which two-year degree program they should pursue. The director has set up the following payoff table for six of the most popular and successful degree programs at GVCC that shows the estimated five-year gross income ($) from each degree for four future economic conditions:

Determine the best degree program in terms of projected income, using the following decision criteria:
a. Maximax
b. Maximin
c. Equal likelihood
d. Hurwicz (α =.25)

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Economic Conditions Degree Program Recession Average Good Robust Graphic Design Nursing Real Estate Medical Technology120,000 180,000 210,000 270,000 Culinary Technology 85,000 125,000 180,000 290,000 Computer Information 115,000 155,000 190,000 220,000 140,000 175,000 210,000 225,000 95,000 135,000 230,000 350,000 Technology 125,000 160,000 200,000 260,000