Decision tree is a concept based on? a) Bill of material b) Probabilities and payoff of the...

Question:

Decision tree is a concept based on?

a) Bill of material

b) Probabilities and payoff of the events and alternative decisions

c) Goals theory

d) Amortization schedule

e) None of the above

Decision tree analysis:

A decision tree is a tool used by different people in the decision making process.

It is a graphical representation of the available alternative solutions to a problem.

Answer and Explanation:

Become a Study.com member to unlock this answer! Create your account

View this answer

Decision tree is a concept based on?

b) Probabilities and payoff of the events and alternative decisions

In using a decision tree analysis it...

See full answer below.


Learn more about this topic:

Loading...

Related to this Question

Explore our homework questions and answers library