Use a personal example or a text example or a business probl
Use a personal example or a text example or a business problem from the real world to illustrate one or more of the Decision Analysis models covered. Provide responses to: (a) Why was the particular model chosen? (b) Which model(s) might provide a better decision for this problem? (c) Assign probabilities to the problem (if not already assigned) and determine the Expected Value solution.
Solution
