In decision tree analysis with EMV, the sum of the ________ must equal 100 percent.
A) weights
B) probabilities
C) consequences
D) costs

Question

Quizplus · Accepted Answer

In decision tree analysis with EMV (Expected Monetary Value), the sum of probabilities must equal 100 percent, as probabilities represent the likelihood of each potential outcome occurring. The weights, consequences, and costs can vary and do not necessarily need to add up to 100 percent.

In Decision Tree Analysis with EMV, the Sum of the ________