Which of the following is true of a decision tree?
A) It's the basis for making logical decisions in the absence of uncertainty.
B) It represents decisions, chance events, and possible outcomes in choices under risk and uncertainty.
C) It's use to show the sequential moves and countermoves of strategic rivals.
D) It calculates the values associated with a decision in chronological order of occurrence.
E) None of the answers above is correct.

Question

Quizplus · Accepted Answer

A decision tree is a graphical representation of decisions, chance events, and possible outcomes in choices under risk and uncertainty. It is commonly used in decision analysis to help identify and evaluate alternative courses of action. The tree helps to systematically list all possible outcomes and estimate their probabilities, making it easier to select the best option.

Which of the Following Is True of a Decision Tree