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ID number:173896
 
Evaluation:
Published: 07.02.2011.
Language: English
Level: College/University
Literature: n/a
References: Not used
Time period viewed: 2000 - 2010 years
Extract

Decision making touches everything you do. From the moment you wake up, you're making decisions. Everything, from what you should do, to what time you leave for work, requires a decision, however small. And inherent in almost all the decisions you make is an element of risk

To make the best decisions you can, it is important to understand how you approach the decision making process.

Definition of Decision Tree

Decision Tree as main direction in management

Practical performance of Decision Tree and easily understanding decision process.

Investment of Money
The changes in stock market are possible so let’s see another variance of the bank interest:

Good outcomes per year: 7%
Average outcomes per year: 3%
Poor outcomes per year: -10%

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