APT Initiatives
APT Business & Economics Resources
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Established in 1999

Special Items

Decision trees

Set out diagrammatically the alternatives relating to a possible problem / issue and all the possible outcomes that stem from these alternatives, together with the likelihood of the different outcomes occurring, and the associated financial consequences. They are based on probability theory, ie the likelihood of an event happening. This is usually expressed as a decimal on a scale of zero to one; 0 meaning definitely will not, 1 meaning definitely will.

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