I really have some doubts to clear about decision trees and I need help there as soon as possible
is there someone who can offer me that help of explanation
Ask the Tutor ACCA PM
decision tree
If you state what your problem is on here then I will try and help.
(Have you watched the lecture on here on decision trees?)
no I haven't but I don't know how to access it
can please give me directions on that?
If you click on ACCA (on the bar at the top of this page), then you will get a page with a heading not too far from the top 'Free ACCA Course Notes and lectures'. Below it is a list of the papers and if you click on F5 then you will get a list of the resources (including the lectures).
Is it just me or is it really confussing to know when to put a square and when to put a circle on the decision tree!! I have done several questions on it and they never seem logical to me!!! How do you know when it's an outcome and when it's a decision? I know it should seem obvious but if you could provide a basix example that would be great.....
Many Thanks
You can use any symbols you like (but do show a key in the exam).
I use a square when it is our choice, and a circle when it is uncertain.
For example, if we have to choose between two machine, then it is our choice which to pick and so I would use a square.
If there were two possible returns from one of the machines, with different probabilities, then it would not be our choice which return we got - it would be uncertain. And so for the two possible returns I would use a circle.
There is a basic example in my lecture on here which draws the whole tree.
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