A Square Node on a Decision Tree Infers That

question 88

Multiple Choice

A square node on a decision tree infers that:

• A) the node splits into various states of nature, of which only one will occur.
• B) there are several alternatives available.
• C) the manager must choose an alternative.
• D) Both B and C
• E) A, B, and C

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Definitions:

Probability Assignment

The process of attributing a numerical likelihood to the occurrence of an event.

Legitimate

Conforming to the law or to rules; authentic or genuine.

Secret Sales

Sales events or promotions that are not publicly advertised, often offered exclusively to certain customers or members.

Probability Assignment

The process of assigning a likelihood to a set of outcomes in an experiment or event.