Assign a numerical value to each possible outcome on the tree. Use dollar amounts for outcomes. For example, if one outcome would gain the company $100,000, mark "$100,000" next to it. Estimate ...

Decision trees are constructed by analyzing a set of training examples for which the class labels are known. They are then applied to classify previously unseen examples.

A surprising but common finding is that decision-making performance seems, on average, unaffected by whether decisions are based on probability phrases or on numerical probabilities. This study, ...