A Business Strategy Example with Decision Trees in Excel

Enjoyed this content & want to support my channel? You can get the spreadsheet I build in the video or buy me a coffee! Links below: Buy me a coffee: https://www.buymeacoffee.com/tallysyunes Buy complete spreadsheet (must purchase the tree add-in first; see below): https://www.buymeacoffee.com/tallysyu... Buy me an item from my wish list: https://www.amazon.com/hz/wishlist/ls... Introductory Decision Tree video to watch first:    • Introduction to Decision Trees in Excel (T...   A refresher on conditional probabilities and Bayes Rule, both of which I use in this video:    • An Easy Way to Visualize Conditional Proba...   Decision Tree add-in I use: treeplan.com (I'm not sponsored by them). A company is launching a new line of products and is torn between a marketing and production strategy that can be aggressive, basic, or cautious. Considering the related payoffs and probabilities that the market will react well (or not) to their product, what is the best strategy to pursue?