00:01 Decision on market research budget 01:43 Using expected value to make decisions 03:38 Calculating expected value in decision-making 05:26 Analyzing the benefits of expensive vs. cheap decision 07:59 Decision-making based on market research outcomes 10:07 Market research helps in making informed decisions based on expected returns 12:04 Decision Trees in practice 14:38 Discussing decision making with imperfect knowledge Crafted by Merlin AI.
@sagartaj27653 жыл бұрын
I really wish if most persons should watch this
@kaveensooriyarachchi22943 жыл бұрын
thank you, really helpful
@speedlive61062 жыл бұрын
Will we be asked to draw decision trees in CBE ?
@opentuition2 жыл бұрын
No (and I do state this in the lectures). However you might need a quick one in your workings, and you can be given a decision tree and be expected to interpret it.
@nayangupta38904 жыл бұрын
How do i download notes, i am unable to register and login on your site.
@Army-bl6ul3 жыл бұрын
Are these lectures valid for 2021-22 exams
@opentuition3 жыл бұрын
Yes they are :-)
@Army-bl6ul3 жыл бұрын
@@opentuition thank u so much ☺️
@daviddimowo8335 Жыл бұрын
Is it possible to follow a chance node with another chance node with two branches