Question: 1. In decision tree analysis, describe how you would determine the best decision using the Expected Value (EV) criterion with a decision tree? 2. Think

1. In decision tree analysis, describe how you would determine the best decision using the Expected Value (EV) criterion with a decision tree?

2. Think about the decisions you make when selecting your classes each semester. Provide an example of the decision-making process you undergo including the decision alternatives you consider when selecting a class to enroll in and the states of nature (uncertainties).

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