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Lansing Community College *
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Finance
Date
Apr 28, 2024
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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.
Your preview ends here
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