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A high school student is trying to decide what to do after high school. She could get a job, where she expects to make an average of $25,000 per year over the next 10 years. She assumes she will have no problems finding a job. She can attend an Ivy League school, which will cost $30,000/year for 4 years if she gets a degree in the liberal arts or business. If she decides to major in engineering, she concludes (perhaps incorrectly) that her studies will be much more stressful, and that she should assign an extra $10,000/year in costs. There is a 50% chance that she will get into an Ivy League school. If she does not, she can either get a job immediately, or go to a local state school. If she gets an Ivy League degree, she anticipates an average salary of $60,000/year if she does not get an engineering degree, or $80,000/year if she does. There is an 80% chance she will get such a job after she graduates. If not, she can find the type of job she would have gotten had she not gone to college. If she attends a state school, her costs will be $10,000/year for liberal arts/business and $15,000/year for engineering. She assumes there is a 95% chance she will be accepted at a state school, and a 75% chance she will be able to find a position after graduating. She anticipates average salaries of $50,000/year and $65,000/year, depending on her major. Assume there are no time value of money concerns. Draw the decision tree and make recommendations on which decisions are the most appropriate.
What is the bottleneck of the PM line?
The Human Resources Director of ABC Software Company. Recently three software designers employed in the same department under the same supervisor have announced that they are quitting their jobs. I would like you to design an exit interview for these..
A process produces a total of 300 units and has a total of 80 defects. Determine the number of units it would take to produce 100 conforming units. Show all work.
To many people, high quality is synonymous with high price or high cost. Pick two functionally similar products that compete in very different markets and discuss the relative quality of each. One such example is a Toyota Corolla and a Rolls Royc..
Most U.S. and some European airlines now impose additional charges for everything but a seat on the flight. Specific seat selection, baggage, beverages, and nearly every amenity that was once included in the ticket price is now a source of “ancillary..
What is probability that the project can be completed in 24 days or less? In 21 days or less? Suppose it is now the end of the seventh day and that activities A and B have been completed while activity D is 50 percent completed.
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Last name begins with W This is our first discussion board. Since we did not have a discussion board in the first week I have combined two Learning Outcomes (LO1 and 2). The 2nd part of this discussion board: Based on the first part of this discussio..
Consider the monthly sales data of a company for last year as well as first six month data for current year. Use a three- quarter weighted moving average, Forecast the sales of company for 3rd Quarter of current year. Use Weights of 4/7, 2/7 and 1/7,..
Describe the factors/components you would include in a performance management program and validate those items. Explain the value of performance evaluations and performance management to the overall business.
Discuss the tool and your use of the techniques and the results on your problem. You should include a cover page and a second page with brief detail regarding your problem and objectives.Include the specific numbers and labels for the principles, ..
Assume that the cost of keeping an airplane in the air is approximately $70 per hour. If the cost of the proposed radar system were $100 per hour, would you recommend its adoption?
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