If a Decision Tree Shows the Possible Profits Associated with Each

question 33

Multiple Choice

If a decision tree shows the possible profits associated with each of several alternative decisions, what is the optimal decision strategy?

• A)the strategy that has the maximum profit as one of its possible outcomes
• B)the strategy that results in the highest expected value of profit
• C)the strategy for which the sum of leaf-node values is a maximum
• D)the strategy that minimizes the variance in profit
• E)the strategy that minimizes the risk of obtaining the lowest possible profit

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Definitions:

Gender-neutral

Pertains to language or practices that avoid distinguishing roles or attributes according to people's sex or gender, promoting equality.

Ethnocentrism

Refers to a tendency to regard one’s own culture and group as the standard, and thus superior, whereas all other groups are seen as inferior.

Italian Culture

The customs, traditions, arts, history, and social norms originating from or associated with Italy and its inhabitants.

Superior

A quality or state of being higher in rank, status, quality, or power compared to something else.