Data mining assignment 5 | Computer Science homework help


Decision Tree Assignment


Play now? Play later?


You can become a millionaire! That’s what the junk mail said. But then there was the fine print:


If you send in your entry before midnight tonight, then here are   your chances:


0.1% that you win $1,000,000


75% that you win nothing


Otherwise, you must PAY $1,000


But wait, there’s more! If you don’t win the million AND you don’t have to pay on your first   attempt,


then you can choose to play one more time. If you choose to play again, then here are   your chances:


2% that you win $100,000


20% that you win $500


Otherwise, you must PAY $2,000



What is your expected outcome for attempting this venture? Solve this problem using


a decision tree and clearly show all calculations and the   expected monetary value at each node.


Use maximization of expected value as your decision criterion.


Answer these questions:


1) Should you play at all? (5%) If you play, what is your expected (net) monetary value? (15%)


2) If you play and don’t win at all on the first try (but don’t   lose money), should you try again? (5%) Why? (10%)


3) Clearly show the decision tree (40%) and expected net   monetary value at each node (25%)

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more