Which of the following describes a significant limitation of using decision trees for strategic business planning?
Pearson Edexcel A Level · Business (9BS0)
決策樹:练习题
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When interpreting a decision tree, what does 'pruning' the tree usually involve?
A business analyst is constructing a decision tree. They assign a probability of 0.4 to 'Success' and 0.5 to 'Failure'. What is the mathematical error in this specific chance node, assuming these are the only two possible outcomes?
In a decision tree diagram, what does a square node represent?
In the context of a decision tree, how should a manager handle qualitative factors such as brand reputation or employee morale?
In a decision tree, what does a square node represent, and what action is required from management at this point?
先自己写一遍答案,再对照解题步骤。
Define the term Expected Value (EV) within the context of a decision tree and state the formula used to calculate it for a specific chance node.
先自己写一遍答案,再对照解题步骤。
A decision tree shows two paths: 'Expand' and 'Do Nothing'. 'Expand' has an Expected Value of \(£150,000\) but costs \(£120,000\). 'Do Nothing' has an Expected Value of \(£40,000\) with zero cost. Identify which path should be chosen based on Net Expected Value and justify why.
先自己写一遍答案,再对照解题步骤。
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