Please read the attached Articles before doing the decition tree, it explains step by step how to create a decision tree
The assignment/
First in one page Landscape Orientation, Create a decision tree for analyzing at least one complex, relevant decision of your choice.
•The decision tree should have at least five branches and five nodes per branch.
•Estimate probabilities and costs (values) based on published info or by consulting with expert(s)
•Calculate expected value (cost) for each option, then conclude
second in two pages address the fowling questions :
Finally, summarize and discuss your insights from this exercise.
•What are the strengths/benefits of using decision trees?
•What are the weaknesses/limitations?
•What else could you see “probability trees” useful for analyzing?
•Thus, what types of situations are they best suited for and not?
•Discuss the insights this exercise has/has not yielded with respect to improving your decision making in the future.
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