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Please provide an initial thread of at least 300 words for the discussion question below. Your responses should demonstrate a strong understanding of the material

Please provide an initial thread of at least 300 words for the discussion question below. Your responses should demonstrate a strong understanding of the material covered in Chapters 11 and 12. In Chapter 11, a number of tools were presented to assist decision makers in making choices under uncertain conditions (e.g. sensitivity analysis, scenario analysis, decision trees. Simulation analysis). Many of these tools also provide valuable assistance in personal choices that we make. Discuss how you have used one of the tools outlined in Chapter 11 for your own personal decision-making, and identify any benefits you gained from using this approach in evaluating your opportunity. Be specific in your application of the tool, to demonstrate your knowledge of its use.

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