Exhibit 14.8 The Following Questions Use the Information Below

question 117

Multiple Choice

Exhibit 14.8
The following questions use the information below.
A company needs to buy a new insurance policy. They have three policies to choose from, A, B and C. The policies differ with respect to price, coverage and ease of billing. The company has developed the following AHP tables for price and summary. The other tables are not shown due to space limitations.
-In a graphical representation of decision trees the decision nodes are represented by

• A) squares
• B) circles
• C) solid dots
• D) ovals

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Definitions:

Square

A geometric shape with four equal sides and four right angles, also used to describe the operation of multiplying a number by itself.

X-intercept

The point at which a graph intersects the x-axis.

Y-intercept

The point where a graph crosses the y-axis, represented by the coordinates (0,y).

Estimate

The determination of an approximation of a result which is not necessarily exact, but within acceptable bounds of accuracy.