Operations-Management-

Modify the attached solution and answer all required

Modify personal decision to have at least three Decision Points, and three Chance Events. As shown in the Risk Precis video

make sure to parameterize the outcomes, determine the expected value, and defend your final decision based on your decision tree.

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describes and develops several decision trees. In a 3-4-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.

 

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