Question

Michael must pay his way through college. He is a sophomore in high school and currently babysits regularly on the weekends. He works 15 hours and makes $8.00 an hour. He will be eligible to work at his uncle's restaurant in three months, and he can work twenty hours a week at $8.50 an hour. Use the PACED decision-process to decide what Michael's best choice is. Show each step.

Answer 1

1. He must pay through college. (Define Problem)

2. Baby sit vs Restaurant (List the alternatives)

3. Sophomore in highschool currently babysitting on weekends (Select Criteria)

4. $8 hr/ 15 hours vs $8.50 hr/ 20 hours (Evaluate the alternatives)

5. He should continue his baby sitting job until he can work at the restaurant (make a decision)

Step-by-step explanation:

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Answer 2

The PACED decision-process is
P: define the Problem
A: list the Alternatives
C: Select the Criteria
E: Evaluate the alternatives
D: Decide
The problem is: Earn money for college
Alternatives are: Either work at 8$/hour for 15hours/week or $8.50/hour for 20hours/week beginning 3 months from the date.
The Criteria is: Jobs that pay more now until college.

The Evaluation is:
1. Baby sitting job will last another 2 1/2 years. That's 2.5 x 52 weeks = 130 weeks. 130 x $8/hour x 15 hours = 130 * 120 = $15,600 dollars for college.

2. Restaurant job - will earn nothing for 3 months and then pay $8.50/hour for 20 weeks for 2 1/4 years. 2 1/4 years = 117 weeks.
117 * $8.50 * 20 = $117 x $170 = $19,890 dollars
So the Restaurant job would earn more money for college by $4290.