Which of the following statements is false?
A) Decision nodes are nodes in which uncertainty is involved that is out of the control of the decision maker.
B) Most investment projects allow for the possibility of reevaluating the decision to invest at a later point in time.
C) A decision tree is a graphical representation of future decisions and uncertainty resolution.
D) With binomial trees the uncertainty is not under the control of the decision maker.

Question

Quizplus · Accepted Answer

Decision nodes in decision trees represent points where the decision maker has to make a choice among different alternatives, not points of uncertainty out of their control. Uncertainty is represented by chance nodes.

Which of the Following Statements Is False