The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2yea 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 000 that shows the estimated 5year gross income ($} from each degree for four future economic conditions: Economic Conditions Dogma Program Recession Average Good Robust Graphic design \"5.00) [751110 220.000 260111] Nursing I 50111] 180111} 205111} 2 I5111] Real estate | H.011] [65.000 220.000 320111] Medical technology | 30111) 180111} 2 | 0.000 280111] Culinary technology | [10(1) [45.000 235.000 305111] Computer information technology 125.000 [50.000 190.000 250111) Determine the best degree program in terms of projected income, using the following decision criteria: a. Maximax b. Maximin 0. Equal likelihood d. Hurwicz (a=.5}I e. The director of career advising at Orange Community College has paid a small fee to a local investment firm to indicate a probability for each future economic condition over the next 5 years. The firm estimates that there is a .20 probability of a recession, a .40 probability that the economy will be averageI a .30 probability that the economy will be good, and a .10 probability that it will be robust. Using expected value determine the best degree program in terms of projected income. It you were the director of career advising, which degree program would you recommfih " _ _ f. Develop a decision tree, with expected values at the probability nodes