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Author Question: Decision trees (Read 6 times)

imowrer

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  • Posts: 514
on: Dec 3, 2019

Question 1

A retailer is deciding how many of a certain product to stock. The historical probability distribution of sales for this product is 0 units, 0.2; 1 unit, 0.3; 2 units, 0.4, and 3 units, 0.1. The product costs $8 per unit and sells for $25 per unit. The largest conditional value (profit) in the entire payoff table for this scenario is
◦ $51 profit.
◦ $17 profit.
◦ $-24 profit.
◦ $75 profit.
◦ $-8 profit.

Question 2

Decision trees
◦ give less accurate solutions than decision tables.
◦ are too complex to be used by decision makers.
◦ are especially powerful when a sequence of decisions must be made.
◦ give more accurate solutions than decision tables.
◦ are rarely used because one needs specialized software to graph them.
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Marked as best answer by imowrer on Dec 3, 2019

helenmarkerine

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Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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imowrer

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Reply 2 on: Dec 3, 2019
Thanks for the timely response, appreciate it

Sarahjh

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Reply 3 on: Yesterday
Wow, this really help

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