When using decision trees, branches with the greatest expected value are selected.

Question

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Decision trees are a commonly used tool in decision analysis. They involve creating a tree-like diagram that shows different possible decisions and their outcomes. At each decision point, the decision-maker considers the different possible alternatives and the probabilities and payoffs associated with each. The decision-maker then selects the alternative with the highest expected value. Therefore, branches with the greatest expected value are indeed selected in decision trees.

When Using Decision Trees, Branches with the Greatest Expected Value