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Week Seven Assignment Decision Tree

This document discusses the use of a decision tree to analyze the decision of accepting a new job offer, focusing on factors such as salary, location, and company culture. It outlines the decision-making process, evaluates potential outcomes, and highlights the importance of considering various scenarios. The paper also acknowledges the limitations of the model and emphasizes that it serves as a guide rather than a definitive answer.

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3 views

Week Seven Assignment Decision Tree

This document discusses the use of a decision tree to analyze the decision of accepting a new job offer, focusing on factors such as salary, location, and company culture. It outlines the decision-making process, evaluates potential outcomes, and highlights the importance of considering various scenarios. The paper also acknowledges the limitations of the model and emphasizes that it serves as a guide rather than a definitive answer.

Uploaded by

angelkhushboo05
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Khushboo Mantri

New England College

Week Seven Assignment: Decision Tree

CRN304

Feb 21, 2025


Navigating Career Crossroads: A Decision Tree Analysis of a New Job Opportunity

Introduction
Making decisions is an important part of life, and it often involves dealing with complicated
situations that have many different factors. One key decision is whether to accept a new job
offer. Using a clear method, like a decision tree, can help you understand the possible outcomes
by looking at your options in a structured way. Decision trees are simple diagrams that show the
steps in a decision-making process. They help you consider various choices and what might
happen as a result (Hastie, Tibshirani, & Friedman, 2009). This paper looks at the choice of
accepting a new job offer by using a decision tree that focuses on three main factors: salary,
location, and company culture.

Decision Tree Model


Decision Tree:
Deciding whether to accept or decline a new job offer can be complicated. It involves
considering several important factors:
1. Salary: Is it higher, the same, or lower than your current job?
2. Location: Will you stay in the same city, move to a different city, or work remotely?
3. Company Culture: Is the work environment better, the same, or worse than where you are
now?
There are 27 different scenarios based on these three factors (3 x 3 x 3). This method helps you
weigh your options when making a career decision. The decision-making process starts with the
choice to accept the new job offer. First, look at salary differences, then consider location, and
finally think about company culture. Each possible combination of these factors leads to a
different outcome for your decision.

Analysis of Decision Outcomes


Each path from the root of the decision tree (New Job?) to a leaf node shows a possible scenario.
For example:
- Higher Salary → Same City → Better Culture: This is a very favorable scenario, making it
likely that one will accept the job offer.
- Lower Salary → Different City → Worse Culture: This is a less appealing scenario, suggesting
that it might be better to reject the offer.
The decision tree helps evaluate scenarios in detail. Moving to a different city might seem
unappealing at first. However, if it comes with a significantly higher salary and a better company
culture, it could look more attractive. This method ensures that no single factor overly influences
the decision and supports compensatory decision-making, where good aspects can balance out
the bad ones (Simon, 1979).

Sensitivity Analysis
One key benefit of using a decision tree is that it helps people see how changes in different
factors can influence the final choice. For example:
If the company culture is just a little better instead of much better, how does this impact the
appeal of the job offer, especially if it means relocating?
If the salary increase is small, does the overall benefit still make moving worthwhile?
Looking at these factors helps ensure you make a strong and informed decision.

Limitations and Considerations


This model offers a clear way to think about job decisions, but it has its limits. The three factors
we chose provide a basic analysis, but real job choices often depend on other important things,
like work-life balance, chances for advancement, commute time, and personal relationships.
Adding more factors would make the analysis more accurate but also much more complicated.
Additionally, the labels "Better," "Same," and "Worse" for company culture are based on
personal views. What one person sees as a positive work environment might not be the same for
someone else. This means we need to pay attention to personal experiences. Like any decision
model, this decision tree serves as a guide, not a final answer (Hastie et al., 2009).

Conclusion
The decision tree framework is a helpful tool for evaluating career decisions, like accepting a
new job offer. It allows you to look at important factors and how they affect each other in a clear
and organized way. While it simplifies the situation, it helps you understand trade-offs and
possible outcomes. This empowers you to make choices that match your priorities and long-term
career goals.

References
Hastie, T., Tibshirani, R., & Friedman, J. (2009). The Elements of Statistical Learning: Data
Mining, Inference, and Prediction, Second Edition (Springer Series in Statistics).
Keeney, R. L. (1992). Value-Focused Thinking: A Path to Creative Decisionmaking. Harvard
University Press. https://doi.org/10.2307/j.ctv322v4g7
Payne, J. W., Bettman, J. R., & Johnson, E. J. (1993). The Adaptive Decision Maker. Cambridge:
Cambridge University Press.
Simon, H. A. (1979). Rational Decision Making in Business Organizations. The American
Economic Review, 69(4), 493–513. http://www.jstor.org/stable/1808698

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