Besides a payoff table,the information for decision analysis can be organized using a ________.
A)decision tree
B)scatter diagram
C)fishbone diagram
D)Pareto chart

Question

Quizplus · Accepted Answer

A decision tree is a diagram that presents the various decision options and their associated uncertainties and potential outcomes. It is a useful tool for decision analysis because it allows decision-makers to see the potential consequences of each choice and to evaluate the expected value of each decision. Scatter diagrams, fishbone diagrams, and Pareto charts can be helpful in other contexts, but they are not as well-suited to decision analysis.

Besides a Payoff Table,the Information for Decision Analysis Can Be