In a decision tree,an alternative's expected value is calculated by multiplying each possible payoff of the alternative by its probability and summing the results.

Name: In a decision tree,an alternative's expected value is calculated by multiplying each possible payoff of the alternative by its probability and summing the results.
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This statement is true. The expected value of an alternative is calculated by summing up the product of each possible payoff and its corresponding probability.

In a Decision Tree,an Alternative's Expected Value Is Calculated by Multiplying