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Explain the process of developing a decision tree

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In a 4-5 page paper, not including the cover and reference pages, develop a decision tree for a work or personal decision that you must make.

Explain the process of developing a decision tree, and your specific case. You must have at least three Decision Points, and three Chance Events.

As shown in the Risk Precis video, make sure to parameterize the outcomes, determine the expected value, and defend your final decision based on your decision tree.

Be sure to use at least three current, scholarly references beyond any required scholarly readings. Current sources are those published within the most recent five-year period, and scholarly sources are those from peer-reviewed journals.

Make certain for each listed reference that you have at least two supporting citation in the body of your content. Your reference page is always the last page of the submission where all individual references get listed.

Youtube (Using Decision Trees for Risk Analysis) by Risk Precis

Attachment:- DECISION TREES.pdf

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The paper is related to Decision tree Analysis. Though it has a root in Economics and Game theory the concept is applied in many fields today. Here we have develop a decision tree for an individual business decision.All the necessary steps and all step- by -step calculations for the decision tree are shown in the paper. The paper is well written with APA style of referencing.

Reference no: EM131687751

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2/12/2018 4:00:38 AM

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Be sure to use at least three current, scholarly references beyond any required scholarly readings. Current sources are those published within the most recent five-year period, and scholarly sources are those from peer-reviewed journals. Make certain for each listed reference that you have at least two supporting citation in the body of your content. Your reference page is always the last page of the submission where all individual references get listed.

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