Define branch of decision tree

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter11: Cash Flow Estimation And Risk Analysis
Section11.11: Phased Decisions And Decision Trees
Problem 1ST
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Define branch of decision tree

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Step 1: INTRODUCTION

Decision tree analysis is an important tool of analysis in finance. Whenever, we are given different course of actions for a problem, we use the decision tree analysis to choose the appropriate course of action

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