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November 2, 2018 at 5:43 pm
Hello sir, decision trees will not be asked to be drawn in a CBE exam ofcourse but are questions such as this likely to appear? where we just have to choose an answer such as in section A and B?
John Moffat says
November 3, 2018 at 9:33 am
You cannot be asked to draw a tree, but you are expected to understand them.
You will find plenty of questions of the type that can be asked in your Revision Kit.
November 1, 2018 at 1:11 pm
Thanks so much for this brilliant presentation. The best approach to using a decision tree as I learnt from your discussion is to draw the decision tree showing the various alternatives and possible outcomes along with all the relevant cash flows associated with the decisions.
Then we calculate the expected value at each decision point and make our decision.
November 1, 2018 at 2:59 pm
Thank you for your comment (but appreciate that you cannot be actually expected to draw a tree in the exam, even though it will be tested that you understand them).
November 1, 2018 at 3:41 pm
Noted with thanks
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