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Card 1 of 25

Why do businesses use decision trees for decisions under risk?

A

To select the best-case outcome when outcomes are uncertain but probabilities can be estimated.

B

To compare options when outcomes are uncertain but probabilities can be estimated.

C

To eliminate risk when outcomes are uncertain but probabilities can be estimated.

D

To assume equal probabilities when outcomes are uncertain but probabilities can be estimated.

Card 1 of 25

Decision trees Flashcards

  1. A Level
  2. /Business
  3. /Decision trees

25 flashcards on Edexcel A Level Business Decision trees: the key terms, formulae and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards