A decision tree provides
A)the only method for analyzing decisions.
B)a deterministic approach to decision analysis.
C)the absolute value of the decision.
D)an objective way of determining the relative value of each decision alternative.

Question

Quizplus · Accepted Answer

A decision tree provides an objective way of determining the relative value of each decision alternative. It allows for a visual representation of the decision-making process, including the possible outcomes and associated costs or benefits. The decision tree approach is not the only method for analyzing decisions and is not deterministic as it takes into account probabilities and uncertainty in outcomes. The decision value is not an absolute value but rather a relative one, based on the expected outcomes and their associated values.

A Decision Tree Provides