Decision Tree Analysis - Intro and Example with Expected Monetary Value

I discuss Decision Tree Analysis and walkthrough an example problem in which we use a Decision Tree to calculate the Expected Monetary Value (or Expected Value) of two fictitious products that we can invest in. I also describe how to interpret our findings in order to make a decision.

[NeologicalPuru]

So lucid man! You explained it so well that my brain could for the first time understand it!

[mohamedalali]

Seriously, You are the top, quick & easy to understand. I have a question, what if the same scenario have two positive output and we were asked to choose the best option to invest in? how can this be approachable.

[Bitter_Bitah]

You are the best, Vincent . Thank you.

[ginsengsh]

love your voice. thank you for explanation !

[dineshkumaars]

Thanks a lot bud…watching this before my exam😂

[candice]

Super clear & helpful, thank you!!!!

[Dru]

Way better explanation compared to my lecturer

[asterion]

Thanks you explained it so well compared to my lecturer lol

[zhalayqamar]

You have done the wrong calculations please check it though...A will be $160 and B is $190.. so we will choose product B

[tukashikashi]

Thanks for the video but why consider the cost as negatives

[gayninin]

the cost shouldn't add when getting EMV. better check it again

[rtraksharaphadke]

please can you explain the calculation that how 80 is coming

[johnnienzuki]

In A you will get 50 not 80, , , B it's correct it's 70, so we will choose B