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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