This topic contains a solution. Click here to go to the answer

Author Question: Decision trees (Read 5 times)

imowrer

  • Hero Member
  • *****
  • 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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by imowrer on Dec 3, 2019

helenmarkerine

  • Sr. Member
  • ****
  • Posts: 324
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.
Answer Preview
Only 45% of students answer this correctly




imowrer

  • Member
  • Posts: 514
Reply 2 on: Dec 3, 2019
Wow, this really help


zacnyjessica

  • Member
  • Posts: 345
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

The people with the highest levels of LDL are Mexican American males and non-Hispanic black females.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

For a complete list of videos, visit our video library