Benefits of decision tree plan

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In your own words, what are the benefits of a decision tree plan that displays decision alternatives?

As it is, there are expected values of decision alternatives As I understand it, it is beneficial for decision analysis problems. There are decision alternatives including probabilities and payoffs with chance outcomes that can help one to achieve an optimal decision through analysis. With computations in a decision tree plan, there is a probability of strong demand and a probability of small demand to interpret the result.

Reference no: EM13115786

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