Decision trees and sub sequential decisions, Mathematics

Assignment Help:

Decision Trees And Sub Sequential Decisions

A decision tree is a graphic diagram of different decision alternatives and the sequence of events like if they were branches of a tree.

- The symbol Circle and Rectangle  shows the decision point and the situation of uncertainty or event respectively.  The node depicted by a square is a decision node when outcome nodes are depicted by a circle.

- Decision nodes: points whereas choices exist between managerial and alternatives decisions are made based on estimates and calculations of the returns expected.

- Outcome nodes are points whereas the events depend on probabilities

                                                                              Demonstration of a tree diagram

                                                          88_Decision Trees And Sub Sequential Decisions.png

 

 

For illustration 111 represents the payoff of the act event combination A1 - E1 - B1

When probabilities of different events are known they are written along the corresponding branches. Joint probabilities are acquired by multiplying the probabilities along the branches


Related Discussions:- Decision trees and sub sequential decisions

Two consecutive integers is 15 find out the larger integer, If the differen...

If the difference among the squares of two consecutive integers is 15 find out the larger integer. Let x = the lesser integer and let x + 1 = the greater integer. The sentence,

Explain why f must be a di?erentiable function, Let f : R 3 → R be de?ned ...

Let f : R 3 → R be de?ned by:                                        f(x, y, z) = xy 2 + x 3 z 4 + y 5 z 6 a) Compute ~ ∇f(x, y, z) , and evaluate ~ ∇f(2, 1, 1) . b) Brie?y

What is partially ordered set, What is Partially Ordered Set?  Let  S = {a,...

What is Partially Ordered Set?  Let  S = {a,b,c} and A = P(S). Draw the Hasse diagram of the poset A with the partial order ⊆ (set inclusion).   Ans: Let R be a relation define

Find the rate at which its tip is moving, If the minute hand of a big clock...

If the minute hand of a big clock is 1.05 m long, find the rate at which its tip is moving in cm per minute.

Natural numbers, To begin with we have counting numbers. These ...

To begin with we have counting numbers. These numbers are also known as natural numbers and are denoted by a symbol 'N'. These numbers are obtai

Arc Length and Sector Area, how do i find the diameter of a circle if i hav...

how do i find the diameter of a circle if i have the shaded sectors area of 263.76 and the central angle of that circle is 210 degrees?

Find integer if consecutive even integers is the number 126, The sum of two...

The sum of two consecutive even integers is the number 126. What are the integers? Two consecutive even integers are numbers in sequence, such as 4 and 6 or -30 and -32, that a

Determine z-scores and percentiles, Q. Determine Z-scores and Percentiles? ...

Q. Determine Z-scores and Percentiles? Ans. Z-scores help measure how far a piece of data is from the mean. More specifically, Z-scores tell how far a piece of data is fr

Find out the linear approximation, Find out the linear approximation for a...

Find out the linear approximation for at x =8 .  Utilizes the linear approximation to approximate the value of  and Solution Since it is just the tangent line there

Is this a sample statistic.., jenna asked 100 of her schoolmates if they ha...

jenna asked 100 of her schoolmates if they have had their first kiss and 43 of them said yes

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd