A graphic presentation of the expected gain from the various options open to the decision maker is called
A) a payoff table.
B) a decision tree.
C) the expected values table.
D) the branch-to-node tree.

Question

Quizplus · Accepted Answer

A decision tree is a graphical representation that outlines the various decisions and their potential outcomes, including gains, costs, and probabilities, to help in making informed decisions.

A Graphic Presentation of the Expected Gain from the Various