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More Know About Decision Tree Examples

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To better understand how decision trees work, it is best to consider some examples game judi slot. One example MasterClassManagement.com provides its students is on a company trying to decide whether or not to invest in an online training program.

The main decision to be made, which starts in the first box, is whether or not to spend money on a new training program. From that box, the two options are yes or no, so one branch is drawn from the first box with a “yes” on it and another with a “no” written on it. Since the outcome from each is still unknown, circles are drawn at the end of each branch harrysbarvenezia.

From the yes branch, there are then two options for different training programs, system 1 and system 2. So, from the circle at the end of the yes branch, two more branches are drawn: one for system one and the other for system two. From there, branches are drawn out of for how the system will be paid for, either in full or monthly installments.

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On the “no” side of the tree, branches are drawn to continue using the existing training method or hire live training experts. Since the existing plan is already in place, no more branches are drawn out from that branch. From the hiring live trainers branch, two more branches are drawn for those to be either field technicians or sales engineers.

Once the tree is complete, the costs and probabilities are assigned to each branch in order to calculate and evaluate each option.

To help further illustrate how decisions tree work, other examples can be found online by visiting:

Mind Tools
Decision-Making-Solutions
Logan Mediation
IBM
Management and Accounting Web
Answers.com
MIT Sloan Management Review

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