Question: decision tree is the basic way to model uncertainty in financial decision making.Lets assume that you want to start a business and need a business
decision tree is the basic way to model uncertainty in financial decision making.Lets assume that you want to start a business and need a business space of 5,000sqft. You can choose to rent a space or build a commercial building that provides theneeded space. Please design a decision tree to represent all possible uncertaintiesyou may face in making this financial decision. You can make up numbers andprobabilities for different choices and outcomes as long as they are reasonable. Thekey is the structure of the tree; the richer the better.
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