Question

Decision Trees:A) give more accurate solutions than decision tablesB) give less accurate soltions than decision tablesC)...

Decision Trees:

A) give more accurate solutions than decision tables

B) give less accurate soltions than decision tables

C) are especially powerful when a sequence of decisions must be made

D) are rarely used because one needs specialized software to graph them.

E) are too complex to be used by deicion makers

0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Decision trees are used to analyse situations where sequential decision making in the face of risk is involved.

A tree like graph is made for all possible decisions and the outcomes of those decisions is shown.

It is a visula support tool for sequential decision making.

So answer is option "C" - are especially powerful when a sequence of decisions must be made.

Add a comment
Know the answer?
Add Answer to:
Decision Trees:A) give more accurate solutions than decision tablesB) give less accurate soltions than decision tablesC)...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Individual consumers are more likely to buy things impulsively than businesses and institutions because there are...

    Individual consumers are more likely to buy things impulsively than businesses and institutions because there are less people involved in the decision making process and they are more likely to be influenced when making a purchase. At a business/institutional level there is likely more than one individual involved in the decision making process and whatever is purchased must be justifiable within the budget, overall needs of the company, etc. Businesses and institutions purchase mainly based on their needs, but an...

  • Remember, there are far more marks for procedure than for final answers. Write your solutions neatly...

    Remember, there are far more marks for procedure than for final answers. Write your solutions neatly and in a well organized fashion. Show all work. All work submitted must be your own work. You are encouraged to work with other students but do not show each other the final work that you intend to submit. If you collaborate with other students it is a good idea to cite them as sources for your work. Questions to be handed in for...

  • Storage Solutions produces plastic storage bins for household storage needs. The company makes two sizes of...

    Storage Solutions produces plastic storage bins for household storage needs. The company makes two sizes of bins: Large (50 gallon) and Regular (35 gallon). Demand for the product used to be so high that the company could sell as many of each size as it could produce. The same machinery is used to produce both sizes. The machinery is available for only 3,000 hours per period. The company can produce 10 Large bins every hour compared to 15 Regular bins...

  • Liz Jenkins and David Lee are facing an important decision. After having discussed different financial scenarios...

    Liz Jenkins and David Lee are facing an important decision. After having discussed different financial scenarios into the wee hours of the morning, the two computer engineers felt it was time to finalize their cash flow projections and move to the next stage – decide which of two possible projects they should undertake. Both had a bachelor degree in engineering and had put in several years as maintenance engineers in a large chip manufacturing company. About six months ago, they...

  • Mary Carter was the accounting manager at Restview Hospital, a large residential health care facility. The...

    Mary Carter was the accounting manager at Restview Hospital, a large residential health care facility. The facility administrator, Jack Morelli, explained that he wanted to modernize Restview’s system of accounts billing. He asked Mary to investigate available software packages that would be compatible with their computer system. Jack explained that he and the Restview board of directors would like to make a decision about this matter at the board meeting next month. A week later, Jack asked Mary about her...

  • College of Administrative and Financial Sciences Department of Business Administration MGT425 – Spreadsheet Decision Modeling Facility...

    College of Administrative and Financial Sciences Department of Business Administration MGT425 – Spreadsheet Decision Modeling Facility Location Model Supply chain optimization has a big influence in a company’s ability to compete in a global market. In this context, an olive oil producer company intends to analyze its supply chain’s resources efficiency. In a further analysis, the company wants to know the optimal location for its production facility that minimizes the total transportation costs, in order to find possible solutions for...

  • Instructions: The assignment is based on the mini case below. The instructions relating to the assignment...

    Instructions: The assignment is based on the mini case below. The instructions relating to the assignment are at the end of the case. Liz Jenkins and David Lee are facing an important decision. After having discussed different financial scenarios into the wee hours of the morning, the two computer engineers felt it was time to finalize their cash flow projections and move to the next stage – decide which of two possible projects they should undertake. Both had a bachelor...

  • Instructions: The assignment is based on the mini case below. The instructions relating to the assignment...

    Instructions: The assignment is based on the mini case below. The instructions relating to the assignment are at the end of the case. Maya Lee and John Spencer are facing an important decision. After having discussed different financial scenarios into the wee hours of the morning, the two computer engineers felt it was time to finalize their cash flow projections and move to the next stage – decide which of two possible projects they should undertake. Both had a bachelor...

  • MANAGEMENT DECISION CASE Amazon Dash: More Than Just a Dash of Service Imagine you just walked in...

    MANAGEMENT DECISION CASE Amazon Dash: More Than Just a Dash of Service Imagine you just walked into your local Target. What do you see? We’re betting that you picture the aisles of goods for sale. This might lead you to believe that retail stores are mostly in the business of providing products. However, retailers rarely manufacture the goods they sell—in fact, they’re actually in the business of service. Most retailers rely on repeat business and referrals to earn their profits,...

  • SCENARIO 1: THE PRODUCTIVITY DIVIDEND DECISION As head of the transmission/distribution group (TD group) in the...

    SCENARIO 1: THE PRODUCTIVITY DIVIDEND DECISION As head of the transmission/distribution group (TD group) in the city's water agency (a government corpora- tion), you have been asked to reduce costs over the next year by a minimum of three percent without undermining service. Your department employs about 300 people who are responsible for constructing and maintaining water lines throughout the city. Although you have an engineering background, the work is complex and involves several professions and trades. Even the TD...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT