Decision Tree Analysis - Intro and Example with Expected Monetary Value
Ғылым және технология
I discuss Decision Tree Analysis and walkthrough an example problem in which we use a Decision Tree to calculate the Expected Monetary Value (or Expected Value) of two fictitious products that we can invest in. I also describe how to interpret our findings in order to make a decision.
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You are the best, Vincent . Thank you.
Seriously, You are the top , quick & easy to understand. I have a question, what if the same scenario have two positive output and we were asked to choose the best option to invest in? how can this be approachable.
Super clear & helpful, thank you!!!!
Excellent video. Thank you
Very good explanations
Way better explanation compared to my lecturer
Perfect, Thank you
Thank U helped me a lot
Thanks you explained it so well compared to my lecturer lol
so helpful
Thanks a lot
thank you
thankssss
please can you explain the calculation that how 80 is coming
@gingerkim9231
2 ай бұрын
first you can multiply 0.6 by 700 to get 420 same as 0.4 (-100) you get -40. then = (-300) + 420 -40 = 80
The best
Thanks for the video but why consider the cost as negatives
@DavidRamirez-lw8lp
10 ай бұрын
Because costs are cash outflows
You have done the wrong calculations please check it though...A will be $160 and B is $190.. so we will choose product B
@creazyonyt
2 ай бұрын
How?
the cost shouldn't add when getting EMV. better check it again
In A you will get 50 not 80,,,B it's correct it's 70, so we will choose B
@christopheridunoba6061
3 ай бұрын
please can you explain how you calculated for A
@gingerkim9231
2 ай бұрын
@@christopheridunoba6061 as explained in the video. for calculation result A is correct 80, you can using the formula in the video. first you can multiply 0.6 by 700 to get 420 same as 0.4 (-100) you get -40. then = (-300) + 420 -40 = 80