Introduction
For a simple decision it is either a question of taking one path or another path. With multifaceted decisions it can be a more complicated process because, one decision may affect the outcome of another decision and/or vice versa. In making decisions there also could be uncertainty and the degree of an uncertainty could affect the decisions.
Activity Instructions
To learn about decision trees in business conduct research within the TU library databases and credible Internet resources to explain the following:
Discuss the concept of a decision tree.
Outline its purpose in business.
Explain the advantages and disadvantages over other decision techniques
Describe how uncertainty is depicted within the tree and how it is considered within the tree to make decisions.
Draw a decision tree making at least a 3-level decision:
Explain the decision the tree is depicting, and how the tree can be utilized to make the decision
When drawing the decision tree, you can use the features in Microsoft Word within your paper or draw the tree on paper, take a picture of the tree, and insert the picture into the word document. If you are not familiar with the tools in Microsoft Word, it may be simpler to draw the decision tree. If you draw the tree and take a picture, make sure you make the drawing large enough, the drawing is legible and the picture you take is clear and focused.
Writing and Submission Requirements
2-3 pages (approx. 300 words per page), not including title page or references page
Minimum of 2 references
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more