Podcast
Questions and Answers
What is the probable outcome of success for Project Redlands?
What is the probable outcome of success for Project Redlands?
- $14.75m
- $3.525m
- $4.75m
- $12m (correct)
If Project Redlands fails, what is the forecast earnings in sales revenue?
If Project Redlands fails, what is the forecast earnings in sales revenue?
- $2.75m
- $11m (correct)
- $4.75m
- $3.525m
What is the total probable outcome for Project Redlands?
What is the total probable outcome for Project Redlands?
- $4.75m
- $14.75m (correct)
- $12m
- $2.75m
What is the probable profit from Project Redlands?
What is the probable profit from Project Redlands?
Why is Project Widmore not chosen according to the text?
Why is Project Widmore not chosen according to the text?
What advantage do decision trees offer as a planning tool?
What advantage do decision trees offer as a planning tool?
What qualitative factors do decision trees ignore?
What qualitative factors do decision trees ignore?
Why can predicted outcomes in decision trees still be unknown?
Why can predicted outcomes in decision trees still be unknown?
How does the use of decision trees impact risk reduction?
How does the use of decision trees impact risk reduction?
Why might it be challenging to construct a decision tree for complex decisions?
Why might it be challenging to construct a decision tree for complex decisions?
In the context of the home baker's decision, what can affect the validity of the decision tree over time?
In the context of the home baker's decision, what can affect the validity of the decision tree over time?
For the home baker, which aspect could contribute most to making a decision between a mid-range home kitchen and a top-end professional kitchen?
For the home baker, which aspect could contribute most to making a decision between a mid-range home kitchen and a top-end professional kitchen?
What does a square represent in a Decision Tree diagram?
What does a square represent in a Decision Tree diagram?
In a Decision Tree, what does a circle represent?
In a Decision Tree, what does a circle represent?
How is the probable return on investment calculated in the context of the examples provided?
How is the probable return on investment calculated in the context of the examples provided?
What do cross outlines in a Decision Tree indicate?
What do cross outlines in a Decision Tree indicate?
If a project has a 75% chance of success with sales revenue of $16 million, what is the likely outcome?
If a project has a 75% chance of success with sales revenue of $16 million, what is the likely outcome?
Based on the examples provided, why is Project Redlands considered more favorable than Project Widmore despite having lower sales revenue?
Based on the examples provided, why is Project Redlands considered more favorable than Project Widmore despite having lower sales revenue?
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