Decision Tree Assignment Help

Posted on March 22, 2017

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What is Decision Tree Assignment Help?

 

A schematic presentation of the various available alternatives to a choice maker and their relevant outcomes is known as decision tree. The term is so called because of the diagram resembles the appearance of the tree. Even though tree diagrams can be utilized instead of a pay-off chart, they are specifically handy for evaluating conditions that incorporate decisions taken in sequence.

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Constitutes of Decision Tree Assignment Help

 

A decision tree constitutes of many nodes that have different branches emanating from them. Square nodes denote decision points, and circular nodes denote chance events. Read the tree from left to right. The alternatives are represented by branches leaving square nodes; events are represented by branches leaving circular nodes (i.e., the possible states of nature).
 

After the drawing of the tree, it is estimated from right to left; i.e., originating with the final decision that may be taken. For every decision, select the option that will obtain the most return (or the least cost). If chance events follow a decision, choose the alternative that has the highest expected monetary value (or lowest expected cost).
 

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