Question: You are helping a project team make a few critical decisions on their project. You believe that some of the problems being analyzed could really

You are helping a project team make a few critical decisions on their project. You believe that some of the problems being analyzed could really benefit from using decision trees analysis. Decision tree analysis is used to calculate the average outcome when the future includes scenarios that may or may not happen. What are a decision nodes inputs and outputs? Input: Scenario probability; Output: Expected Monetary Value (EMV) Input: Cost of each decision; Output: Decision made Input: Cost of each decision; Output: Probability of occurrence Input: Cost of each decision; Output: Payoff

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