___________ refer to graphical representations of the decision problems that show the sequential nature of the decision-making process.
A)Influence diagrams
B)Utility functions
C)Decision trees
D)Payoff tables

Question

Quizplus · Accepted Answer

Decision trees are graphical representations that show the sequential nature of the decision-making process. They are useful in visualizing the various alternatives, outcomes, and probabilities associated with a decision problem, as well as the costs and benefits of each course of action. Decision trees are commonly used in decision analysis and help in making optimal decisions in complex situations. Therefore, option C is the correct answer. Option A (Influence diagrams) are graphical representations that show the relationships between variables in a decision problem, but they do not show the sequential nature of decisions. Option B (Utility functions) are mathematical functions used to capture the preferences of decision-makers, but they are not graphical representations of the decision-making process. Option D (Payoff tables) are matrices that show the possible outcomes and payoffs associated with different decisions, but they do not show the sequential nature of the decision-making process.

___________ Refer to Graphical Representations of the Decision Problems That