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In relation to the decision rules, define with the use of example and explain the importance of each of the following: (i) Decision tree analysis;

In relation to the decision rules, define with the use of example and explain the importance of each of the following: (i) Decision tree analysis; (ii) Maximax and Maximin Criterion; and (iii) The three-point estimates method. [12 Marks] 300 WORDS

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