Settle debate between Professor and Myself on interpreting Crow's Foot Notation in an ERD
Your professor is wrong.  The cardinality in almost all versions of crows foot notation is read such that the cardinality next to the entity is the cardinality of that entity.  You can also see by the fact that common sense tells you that whoever drew this ERD did not intend what your professor is reading.  

I will say that I have (very rarely) seen people read cardinality the way your professor is doing it.  I think of it as "looking down the relationship" at the other side.  The fact is that this approach doesn't make sense for readability in my opinion.  It's also just not the way the vast majority of people do it.

You're better off to stick with the conventional wisdom on this.  If you can't convince your professor, then go with the flow until the end of the semester, but then forget this inappropriate convention and do it the way almost everyone else does from then on.

As an aside/pro-tip: when you see many/optional cardinality, I'd suggest you get in the habit of reading it "zero or more", not "zero or many".  I think "zero or many" kind of implies "not 1", which isn't the nature of such cardinality.