Which of the following statements is FALSE?
A)Decision nodes are nodes in which uncertainty is involved that is out of the control of the decision maker.
B)Most investment projects allow for the possibility of reevaluating the decision to invest at a later point in time.
C)A decision tree is a graphical representation of future decisions and uncertainty resolution.
D)With binomial trees the uncertainty is not under the control of the decision maker.

Question

Quizplus · Accepted Answer

Decision nodes are points in a decision tree where the decision maker has control over the choice, not where uncertainty is involved.

Which of the Following Statements Is FALSE