Which of the following statements is TRUE concerning a probability tree?
A)it is especially helpful when the experiment involves multiple steps/stages.
B)branches extend from each node.
C)each branch represents a possible outcome.
D)beyond the first step/stage, the branch probabilities are conditional probabilities.
E)all of the above.

Question

Quizplus · Accepted Answer

All of the statements (A, B, C, D) accurately describe characteristics of a probability tree, making E (all of the above) the correct choice. A probability tree is useful for multi-step experiments, has branches extending from nodes representing outcomes, and uses conditional probabilities beyond the initial stage.

Which of the Following Statements Is TRUE Concerning a Probability