Register
48:00
Stop
PMI-PBA - Decision Modeling and Analysis - Decision Tree Analysis
Expert
1/48
In Decision Tree Analysis, what is the key purpose of using conditional probability adjustment factors (CPAFs) at chance nodes?
a.
To modify branch probabilities based on prior event outcomes
b.
To adjust the expected monetary values based on market risk tolerance and stakeholder preferences
c.
To calculate the weighted average of all possible financial outcomes in each pathway of the tree structure
d.
To normalize probability distributions across multiple concurrent decision paths in complex scenarios
Expert