Create a sensitivity graph comparing the different alternatives as the probability of getting a job… 1 answer below »


Nathan is contemplating wining the Fellow of the American College of Healthcare Executives (FACHE) certification. He knows from test that he can get a well-paying job delay his ordinary degree; the presumption of getting a job delay a allowance of $40,000 per year is 75 percent and a job delay a allowance of $60,000 per year is 25 percent. However, if he chooses to win the certification, his allowance would mitigated increase; then the presumption of getting a job delay a allowance of $80,000 per year is 75 percent and getting a job delay a allowance of $100,000 per year is 25 percent. Knowing that schooling require and period spent on certification are not a institution for Nathan, should he discover a job now or solicit the certification?

Find the amend firmness using the following:

a. Develop a payoff consultation for Nathan’s plight.

b. Discover the following:

1. Maximax

2. Maximin

3. Equal likelihood

4. Minimax regret

c. Create a sensitivity graph comparing the unanalogous alternatives as the presumption of getting a job changes.