Essay Available:
page:
1 pages/≈275 words
Sources:
1
Style:
APA
Subject:
Mathematics & Economics
Type:
Coursework
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 5.83
Topic:
Decision Tree Analysis: What Clothes to Wear
Coursework Instructions:
Create a decision tree for the scenario you outlined in Topic 1 DQ 1. Attach the decision tree to your response and include insights into how you crafted it. How would you apply this decision-making experience to larger scale decisions at an organizational level?. Reference and Cite needed
Coursework Sample Content Preview:
DECISION ANALYSIS
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Decision Trees
A decision tree is a diagram that shows the results of a series of related choices. It allows a decision-maker or business to analyze different options based on costs, probabilities, and economic benefits (Kingsford & Salzberg, 2008). A decision tree starts with a single node and branches out to represent several outcomes. Each of these outcomes creates new nodes, which creates new possibilities. As a result, it resembles a tree.
In the example provided, when choosing clothes to wear, the day of the week and what is available significantly influences your selection, leading to two main decision nodes; day of the week and availability. The choice of clothing on the weekend is influenced by mood; if the mood is jovial, the likely choice of dress is a brightly colored, leading to an end node. On th...
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