MATH540 Discussion 1

Feb 3rd, 2012
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The main parts of a decision tree are:
Decision: These are represented by squares. This is the starting point of the decision tree. The decision to be analyzed forms this part; it has two arcs and options.
Sequence of events: These are represented by circle node and arcs and events, it provides different probabilities for different events which have originated from the decision node.
Consequences: These are represented by triangles and give the result of the decision that has been analyzed; the consequence sum of probabilities adds up to one.
Benefits of decision trees:

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