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Author Question: All of the following steps are taken to analyse problems with decision trees except (Read 32 times)

kfurse

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Question 1

A decision tree is a(n)
◦ tabular representation of alternatives and states of nature.
◦ graphic representation of alternatives and states of nature.
◦ algebraic representation of alternatives and states of nature.
◦ behavioral representation of alternatives and states of nature.
◦ matrix representation of alternatives and states of nature.

Question 2

All of the following steps are taken to analyse problems with decision trees except
◦ structure or draw a decision tree.
◦ solve the problem by computing expected monetary values for each state of nature node.
◦ estimate payoffs for each possible alternative/state of nature combination.
◦ define the problem.
◦ assign probabilities to the alternatives.


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Marked as best answer by kfurse on Dec 3, 2019

elizabethrperez

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kfurse

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Reply 2 on: Dec 3, 2019
Excellent


Laurenleakan

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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