decision tree calculation begins from left to right
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it begins from right side
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Answer: It begins from right side
Step-by-step explanation: Ideally, your decision tree will have quantitative data associated with it. The most common data used in decision trees is monetary value.
- For example, it’ll cost your company a specific amount of money to build or upgrade an app. It’ll also cost more or less money to create one app over another. Writing these values in your tree under each decision can help you in the decision-making process.
- You can also try to estimate expected value you’ll create, whether large or small, for each decision. Once you know the cost of each outcome and the probability it will occur, you can calculate the expected value of each outcome using the following formula:
- Expected value (EV) = (First possible outcome x Likelihood of outcome) + (Second possible outcome x Likelihood of outcome) - Cost
- Calculate the expected value by multiplying both possible outcomes by the likelihood that each outcome will occur and then adding those values. You’ll also need to subtract any initial costs from your total.
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