To participate in the Discussion this week, it is important for you to first solve the decision problems in the Assignment. This will ensure that you know how to set up and solve a decision tree representation of a decision problem. For this Discussion, you will select a decision that you have made or that you need to make and formulate it as a decision tree to include the likelihood of the states of nature and the expected utilities of alternative solutions. After providing this information to your colleagues in your Discussion post, you will respond to two colleagues with your solutions to their decision trees.
Describe a decision you have made or need to make. Provide the decision tree for your situation. Do not provide the solution to your decision tree.