For the completed decision tree in Figure 10.10, the monetary values in black are those we enter.

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For the completed decision tree in Figure 10.10, the monetary values in black are those we enter. The monetary values in color are calculated automatically by PrecisionTree. For this particular example, explain exactly how these latter values are calculated (remember the folding-back process) and what they represent.

These include the blue values at the end nodes, the red values at the probability nodes, and the green values at the decision nodes.

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Related Book For  book-img-for-question

Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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