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Lansing Community College *

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235

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Finance

Date

Apr 28, 2024

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docx

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3

Uploaded by EarlPencil11643 on coursehero.com

Mathematics of Personal Finance | Career Assessment and Cost Worksheet Career Choice: Hairdresser/Cosmetologist Source Website: Occupation Profile for Hairdressers, Hairstylists, and Cosmetologists | CareerOneStop Requirement Expectation Your Answers Education What 5 schools do you plan to research? 1. Michigan College of Beauty 2. David Pressley School of Cosmetology 3. P&A Scholars Beauty School 4. Marketti Academy of Cosmetology 5. Brighton Institute of Cosmetology What are the tuition rates at each school? 1. $32,636 2. $16,609 3. $20,045 4. $37,842 5. $17,800 Training/ education at Entry-Level 1. What training is required to begin your job at an 1. 1000-2000 hours of training. 2. $5000-$30000.
entry-level position? 2. What does this training cost? 3. Who pays for this training? 3. I will. Training to Keep Job 1. What training is required to keep your job or renew any licenses or certifications? 2. What does this training cost? 3. Who pays for this training? 1. 1000-2000 hours of training. 2. $5000-$30000. 3. I will. Mean Cost of Education To calculate the mean cost of education, add up all 5 costs (from row 1) and divide by 5. 32,636 + 16,609 + 20,045 + 37,842 + 17,800 = 124932 / 5 = 24986.40 Median Cost of Education To find the median cost of education, put the values from row 1 in order and pick the middle one. $20,045. Choice and Explanation Which of the five schools did you choose? Please write 3-5 sentences explaining why you I chose Michigan College of Beauty. It’s a popular cosmetology school and has lots of good reviews that make me have faith in it.
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