Which of the following is NOT a similarity between the elements of a decision problem and a decision tree?
A) Time
B) States of nature
C) Alternatives
D) Probabilities

Question

Quizplus · Accepted Answer

The elements of a decision problem, such as the decision maker's preferences and constraints, do not necessarily have a direct correspondence with a decision tree's structure. Time, states of nature, alternatives, and probabilities are all essential components of a decision tree, but not all decision problems involve time constraints or have easily defined states of nature or alternatives.

Which of the Following Is NOT a Similarity Between the Elements