SAB5#132_Decision_Tree_Example

SAB5#132_Decision_Tree_Example

1. A decision tree takes into account future events in making a decision today

2. It calculates the expected monetary value in more complex situations (probability times impact)

3. it involves mutual exclusivity

4. Decisions trees helps in the analysis between many alternatives by taking into account the associated risks, probability and impacts

5. A decisión tree is and be able to calculate a simple one from provided data. Usually you have to calculate the expected monetary value of your decision

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