A decision tree is considered particularly useful in
A) evaluating costs over the life of a project.
B) making a sequence of decisions.
C) estimating the length of time required to achieve given return on investment.
D) determining when to drop a product line.

Question

Quizplus · Accepted Answer

A decision tree is a diagram that helps visualize a sequence of decisions and their possible consequences. It is particularly useful in making a sequence of decisions and comparing the different outcomes. While decision trees can be used in estimating costs and returns on investment, and determining when to drop a product line, their primary use is in making a sequence of decisions.

A Decision Tree Is Considered Particularly Useful in