answersLogoWhite

0

Short answer: a circle represents a "chance node," meaning a chance to which an Expected Monetary Value (EMV) may be assigned to calculate the most likely pay-off.

Explanation: according to the PMBOK Guide, 4th Ed. (pgs. 298-299), the inputs to this node are scenario probability and the EMV (expected monetary value) assigned to that chance node, from the decision node (denoted as a square on a decision tree). A chance node leads to a "net path value," otherwise known as a computed value or solution set (represented by a triangle on a decision tree).

A decision tree of this type is one of the tools used to determine quantitative risk analysis used to reach a computed optimal solution using probability distributions as a basis.

User Avatar

Wiki User

14y ago

What else can I help you with?

Continue Learning about Management

How cultural factors affect consumer choice for personal computers?

Cultural factors may influence consumers to choose to purchase certain brands. People may be more drawn to brands that society views as more affluent.


Validity vs reliability?

Validity measures how well drawn a concept is, and how accurately it responds to the real world. Its effectiveness is measured by how close it comes to validating a measure that it claims to be able to measure. Reliability, on the other hand, posits the amount of consistency in the measurement.


Why do you choose in our company?

I am drawn to your company because of its strong commitment to innovation and excellence in the industry. Your values align with my own, particularly regarding sustainability and community impact. I am excited about the opportunity to contribute to a collaborative team that prioritizes growth and continuous improvement. Additionally, your company's reputation for nurturing talent and fostering a supportive work environment is very appealing to me.


Why do you a customer service manager position?

I am drawn to the customer service manager position because it allows me to leverage my strong communication and problem-solving skills to enhance customer satisfaction and loyalty. I am passionate about creating positive experiences and leading teams to deliver exceptional service. Additionally, I believe that effective customer service is crucial for a company’s success, and I am eager to contribute to a culture of excellence and continuous improvement.


What type of career do you aspire for highlight sectors and job roles of your interest in e business?

I aspire to build a career in e-business, particularly focusing on digital marketing and e-commerce strategy. I'm particularly interested in roles such as digital marketing manager, e-commerce analyst, and user experience designer. I aim to leverage data analytics and consumer behavior insights to optimize online sales and enhance customer engagement. Additionally, I'm drawn to the growing sectors of social media marketing and mobile commerce, as they are pivotal in shaping the future of online business.

Related Questions

Is a zigzag line drawn inside a circle represents a type of a swicth in a circuit diagram?

An electrical resistor.


How many degrees is on a circle?

A circle has a total of 360 degrees. This measurement is used to describe the angle formed at the center of the circle when two radii are drawn to the circumference. Each degree represents a fraction of the circle, allowing for precise measurements of angles and rotations.


Which animated movies were Traditionally Animated or Hand Drawn?

See provided link for a complete list of traditionally animated (hand drawn) movies.


What is the longest chord that can be drawn on a circle?

The diameter (across the widest part) is the longest chord that can be drawn on a circle.


What is the center point of a circle?

The point from which the circle is drawn IS the center.


When constructing a circle what part of the of the circle is drawn by the compass?

Perimeter


What is a radiu s of a circle?

If you draw a line from the center of a circle to the edge of a circle, you have drawn the radius of the circle. If you draw a line from the edge of a circle through the center of the circle and on to the edge on the opposite side, you have drawn the diameter of a circle. The radius of a circle is one half the diameter of a circle.


How many diameters of a circle can be drawn?

There are infinite diameters within a circle.


How many tangents can be drawn from a single point?

Two tangents can be drawn from a point outside a circle to the circle. The answer for other curves depends on the curve.


What circle is the largest circle that can be drawn around a sphere such as a globe?

general astronomy


How many tangents can be drawn to a circle containing a point outside the circle?

Any tangent must contain a point outside the circle. So the answer to the question, as stated, is infinitely many. However, if the question was how many tangents to a circle can be drawn from a point outside the circle, the answer is two.


How many tangents can be drawn to a circle containing a point inside a circle?

No tangent No tangent