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Author Question: Chance nodes are a. nodes provided at the end of the states-of-nature branches. b. nodes ... (Read 175 times)

londonang

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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.


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Tabitha_2016

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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.


londonang

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

sultansheikh

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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