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Risk and uncertainty: Decision trees
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Sexy example 2
Kinda lost, lengthy question and a bit confusing I agree.
its not that confusing. ALL the information is given in the question and we just have to assort it out carefully, But i will agree that it is LENGHTY.
OOOOH MY GOD! I THINK ALL OF MY 3HRS WILL GET EXHAUSTED HERE.. TOO LONG..TIME CONSUMING HEISH..! THE TREE HAS GOT TOO MANY BRANCHES A!
It is very unlikely that the exam would ask for a complicated tree. More importantly she is likely to just test your understanding with a fairly simply problem (and a fairly simple tree).
Do realise that the whole point of the exam is to test that you understand what you are doing – not to try and make you do terribly complicated things!
Thank you, on side note Messi > Cristiano lol
dont know how to thank….simply great……
this is easy but shall be time consuming.
True, although it is likely that anything in the exam will be relatively easy (but will therefore only be a part of a question).
Yep, I’m sort of lost too. He did a good job though, but my brain just gave up after a while lol.
very good lecture…..can any body tell me,is this q came in past exams….?
No – because it was not in the syllabus before. But it is now
hahahahahahaha the lecture is awesome and I laughed so hard when you said: “I am sure your are completely lost by now.”
I am!! lol
Beautiful lecture …..it seems rather a lengthy question…how often has it been examined and what is the best approach to it in terms of time mgt??
Aaargghhhh……it is no doubt a great lecture but I fount it to complicated:((
good lecture thank you sir.
Woah Thank You For this lecture!
This helped me a lot!
i am afraid you have not calculated the cost of the market research of 200000
@arjunudayp91, even if u do it doesnt change the answer :
7.6316m-200000=7.4316….stands better to the later option ……..is tht rite…..???
good lecture sir thank you
Dear Sir, I can’t understand that why do we have an option of shutting down the office when market research has poor results ??The question indicates that if we do market research & the result is poor, then we will only be prepared to consider the cheaper refurbishment?
shouldn’t only be cheaper refurbishment option be there if the market research has poor result , as per the question’s statement? ( And NO shutting down or expensive refurbishment should be included)
I am not getting continueos lecture for 2 days now,video goes off whiles watching and has to be played over and over again.
Please check this for me.
i’m afraid, that problem is at your end..
That was simple and precise lecture on Decision Tree!! thank you!! I benefited a lot!!
I have a question
31:36 – 31:57
Do Mkt Research/Good Result/Expensive refurbishment.
The lecture calculate
Net expected value = Expected value – refurbishment cost
= 12.87m – 4m = 8.87m
Why didnt include the cost for market research:
Net expected value = Expected value – market research cost – refurbishment = 12.87m – 4m – 0.2m = 8.67m
I do notice its just a small difference and it would not affect the final answer but it got me puzzled abit.
Ahhh its ok I got it.
@numero270, Great
)
Excellent lecture on decision tree. Thank you.