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Which of the following procedures is TRUE regarding the construction of a decision tree for product design? Part 2 A . Payoffs are entered at
Which of the following procedures is TRUE regarding the construction of a decision tree for product design?
Part
A
Payoffs are entered at the beginning of the appropriate branch.
B
To determine the expected value of each course of action, we need to start at the beginning of the tree and work toward the end of the tree.
C
The possible alternatives include an alternative of "doing nothing."
D
Be sure that all possible alternatives and states of naturebeginning on the right and moving left are included in the tree.
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