Strategic Decision Making Using Decision Tree

In a 4-5-page paper, not including the cover and reference pages, develop a decision tree for a work or personal decision that you must make. Explain the process of developing a decision tree, and your specific case. You must have at least three Decision Points, and three Chance Events. As shown in the Risk Precis video in your module lecture, make sure to parameterize the outcomes, determine the expected value, and defend your final decision based on your decision tree. Free decision tree software is available to help you construct your decision tree: -SmartDraw – https://www.smartdraw.com/decision-tree/decision-tree-maker.htm -Lucidchart – https://www.lucidchart.com/pages/planning/decision-tree-examples

 

 

 

 

 

 

 

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