Author Question: Chance nodes are a. nodes provided at the end of the states-of-nature branches. b. nodes ... (Read 149 times)

londonang · **on:** Jun 24, 2018

Chance nodes are
a. nodes provided at the end of the states-of-nature branches.
b. nodes indicating points where an uncertain event will occur.
c. nodes provided at the end of the decision alternative branches where a payoff is shown.
d. nodes indicating points where a decision is made.

Question 2

An intersection or junction point of a decision tree is called a(n)
a. node.
b. stem.
c. intercept.
d. branch.

Tabitha_2016 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

b
RATIONALE: Chance nodes indicate points where an uncertain event will occur.

Answer to Question 2

a
RATIONALE: An intersection or junction point of a decision tree is called a node.