In using a decision tree, decision makers should select the alternative that has the
A) greatest expected value.
B) least expected value.
C) expected value of zero.
D) average expected value.

Question

Quizplus · Accepted Answer

The purpose of a decision tree is to weigh the expected values of multiple alternatives and select the one with the greatest expected value. This is the alternative that is most likely to result in the most favorable outcome.

In Using a Decision Tree, Decision Makers Should Select the Alternative