The director of career advising at Orange Community College wants to use decision analysis to provide information
Question:
Determine the best degree program in terms of projected income, using the following decision criteria:
a. Maximax
b. Maximin
c. Equal likelihood
d.Hurwicz
Transcribed Image Text:
Economic Conditions Degree Program Recession Average Good Robust Graphic design Nursing Real estate Medical technology Culinary technology Computer information 145,000 150,000 115,000 130,000 115,000 175,000 180,000 165,000 180,000 145,000 220,000 205,000 220,000 210,000 235,000 260,000 215,000 320,000 280,000 305,000 technology 125,000 150,000 190,000 250,000
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a Maximax Graphic Design 260000 Nursing 215000 Real Estate 320000 ma...View the full answer
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I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
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Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
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