decision making

Question 1

what is the first step in calculating a decision tree?

Answer 1

1. times both the probility of one outcome by the money it’s going to cost/ make

you do that for both probabilities.

Question 2

what is step two for decision tree ?

Answer 2

2. you add up the answers from step 1

Question 3

what is step three in calculation DT?

Answer 3

3. the added up values answer can go into the circle.

Question 4

what is step four of calculation of DT?

Answer 4

4. you take away what is in the circle with the cost and that goes into the square.