Which statements are correct about Decision Trees?

Decision trees show the degree of flexibility of a project or new venture as well as the value flexibility has on expected cash flows

Decision trees are used to mitigate the high degree of uncertainty of certain projects or new ventures

Vertical lines in a decision tree denote a decision point

Circles in a decision tree represent an event node, which is a point where nature intervenes and something happens that is subject to chance

Question $9$Answer

a$.$

$1,2,3$

b$.$

$2,3,4$

c$.$

$1,3,4$

d$.$

$1,2,4$

e$.$

All statements are correct