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Author Question: ___________ refer to graphical representations of the decision problems that show the sequential ... (Read 160 times)

sheilaspns

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on: Jun 24, 2018
___________ 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.


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ladyjames123

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Reply #1 on: Jun 24, 2018
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

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Reply #2 on: Jun 24, 2018
Correct answers!


ladyjames123

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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