Question: 1. When drawing a decision tree, you will have branching at (select all that apply) state of nature nodes outcome nodes decision nodes payoff nodes

1. When drawing a decision tree, you will have branching at (select all that apply)

  1. state of nature nodes

  1. outcome nodes

  1. decision nodes

  1. payoff nodes

2. In the process of converting an influence diagram to an Excel spreadsheet, which nodes end up becoming input cells in the spreadsheet?

nodes with no arrows exiting.

nodes with no arrows entering.

nodes with arrow(s) entering.

nodes with arrow(s) exiting.

3. A regression model differs from a influence diagram in that

regression models are happy with correlation even without actual influence (i.e., causality).

influence diagrams have many layers of relationships, in a regression model, there is just one response being considered.

both a and b are true.

neither a nor b are true.

8. In converting an influence diagram to an Excel spreadsheet, which values would be represented by a cell with a formula in it?

nodes that have no arrows exiting.

nodes that have no arrows entering.

nodes that have arrow(s) exiting

nodes that have arrow(s) entering

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