Question

A decision tree is a(n): Question 26 options: A) tabular representation of alternatives and states of nature. B) algebraic representation of alternatives and states of nature. C) graphical representation of alternatives and states of nature. D) matrix representation of alternatives and states of nature. E) behavioral representation of alternatives and states of nature.

Answer 1

Answer:

C

Explanation:

A decision tree is a graphical representation of alternatives and states of nature

It is a map of the possible outcomes of a series of related choices. It allows an individual or organization to compare and weigh possible actions against one another based on their costs, probabilities, and benefits. They can can be used to map out an algorithm that predicts the best choice mathematically

It starts with a single node, which branches into possible outcomes. Those outcomes leads to additional nodes, which branch off into other possibilities. This gives it a treelike shape