Question: Create a decision tree to evaluate your career options. Make sure your decision has at least two choices and two uncertain events with estimated probabilities.

  1. Create a decision tree to evaluate your career options.
    1. Make sure your decision has at least two choices and two uncertain events with estimated probabilities. (I encourage you to consider options that might not be traditionally associated with your race, gender, or background.)
    2. Have at least four total outcomes (estimated salaries).
    3. Sketch the tree and calculate the expected value of each choice. Use squares, circles, and triangles for decisions, uncertainties, and outcomes.
    4. Highlight the best choice, i.e., the one with the highest expected value
    5. Explain in 2-3 sentences why it's the best choice based on your analysis. Cite your data sources.
    6. You may use Excel.

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