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  • 1) Let Us Assume A Decision-Making Problem Represented by The Following Conditional Profit Table

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    Vighyana Paatiel
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    This document discusses using a decision tree to model a decision-making problem represented by a conditional profit table. It provides an example where the expected monetary value (EMV) of alternative A2 is calculated to be Rs. 1600 based on the probabilities and profits listed in the table. The document also notes it will provide additional examples to further illustrate using decision trees.

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    Decision tree

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    This document discusses using a decision tree to model a decision-making problem represented by a conditional profit table. It provides an example where the expected monetary value (EMV) of alternative A2 is calculated to be Rs. 1600 based on the probabilities and profits listed in the table. The document also notes it will provide additional examples to further illustrate using decision trees.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views1 page

    1) Let Us Assume A Decision-Making Problem Represented by The Following Conditional Profit Table

    Uploaded by

    Vighyana Paatiel
    This document discusses using a decision tree to model a decision-making problem represented by a conditional profit table. It provides an example where the expected monetary value (EMV) of alternative A2 is calculated to be Rs. 1600 based on the probabilities and profits listed in the table. The document also notes it will provide additional examples to further illustrate using decision trees.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    1) Let us assume a decision-making problem represented by the following conditional profit table :

    The decision tree can be drawn as follows to represent the above problem.

    EMV of alternative A2 or node 3 is


    = Rs. [10000 x 0.4 + (— 4000) x 0.6]
    = Rs. [4000 — 240]
    = Rs. 1600/-
    Some more illustrations are taken to demonstrate the use of decision tree.

    2)

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