Explain Decision Trees and Expected Monetary Value

question 21

Essay

 Explain decision trees and expected monetary value.

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Definitions:

Data

Facts and statistics collected together for reference or analysis.

Unprocessed Numbers

Raw numerical data that have not been subjected to analysis or manipulation.

Raw

Uncooked, in its natural state; used often in the context of foods not subjected to heat or processing.

Continuing Education

Educational programs designed for adults to acquire new skills or knowledge, typically for professional development or personal interest.