
Decision Trees Quiz

Interactive Video
•
Social Studies
•
Professional Development
•
Hard

James Hannaford
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the key inputs into a decision tree for business decision-making?
Cost, probability of success, and end payoffs
Employee satisfaction, market trends, and cost
Customer feedback, advertising reach, and sales
Product quality, brand reputation, and cost
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the decision tree example, what are the two ways the business can launch its product?
Online marketing and direct sales
Advertising and sales promotions
Public relations and influencer marketing
Trade shows and email campaigns
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the cost of launching the product through advertising in the example?
5 million pounds
15 million pounds
10 million pounds
20 million pounds
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the probability of high demand when using advertising in the example?
0.9
0.7
0.5
0.3
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the probability of low demand when using sales promotions in the example?
0.3
0.1
0.5
0.7
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the final payoff for high demand when using sales promotions?
5 million pounds
20 million pounds
40 million pounds
50 million pounds
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the expected value (EV) formula used in decision trees?
Probability times cost
Probability times final payoff
Final payoff divided by probability
Cost minus final payoff
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