Nodes indicating points where an uncertain event will occur are known as _____ nodes.
A) decision
B) chance
C) unconditional
D) conditional

Question

Quizplus · Accepted Answer

Chance nodes indicate points in a decision tree where an uncertain event will occur, such as the outcome of a coin toss or the probability of a specific weather condition. Decision nodes, on the other hand, indicate points where the decision maker must make a choice between different alternatives. Unconditional and conditional nodes are not commonly used terms in decision analysis.

Nodes Indicating Points Where an Uncertain Event Will Occur Are