___________ refer to graphical representations of the decision ...

[sheilaspns]

___________ refer to graphical representations of the decision problems that show the sequential nature of the decision-making process.
 a. Influence diagrams
  b. Utility functions
  c. Decision trees
  d. Payoff tables

Question 2

A measure of the outcome of a decision such as profit, cost, or time is known as a
 a. branch.
  b. payoff.
  c. regret.
  d. forecasting index.

[ladyjames123]

Answer to Question 1

c
RATIONALE: A decision tree is a graphical representation of the decision problem that shows the sequential nature of the decision-making process.

Answer to Question 2

b
RATIONALE: A payoff is a measure of the outcome of a decision such as profit, cost, or time.

[sheilaspns]

Correct answers!

[ladyjames123]

Great! Please up vote