Decision Tree Analysis

Synopsis

A series of dramatised boardroom sequences set in a hypothetical company illustrate how a statistical consultant operates in conjunction with industry. The problems concern the manufacture and supply of integrated circuit boards, and the consultant approaches the problems through the use of decision tree analysis. Explains the setting up of the decision tree and calculates the financial consequences of each action. The results are then presented to the board.

Series

Probability and Statistics, Course M245

Language

English

Country

Great Britain

Medium

Video; Videocassette. Standard formats. col. 24 min.

Year of production

1985

Availability

OUT OF DISTRIBUTION

Subjects

Mathematics

Keywords

statistics

Production Company

Name

BBC Open University Productions

Distributor

Name

Open University Worldwide

Web

http://www.ouw.co.uk External site opens in new window

Phone

+44 (0) 1908 274066

Address

Walton Hall
Milton Keynes
MK7 6AA

Notes

NB. As of May 2016 Open University Worldwide are no longer distributing DVDs. They have posted this message on their website: ‘Unfortunately Open University Worldwide Limited has decided that product sales are no longer viable given the reduced funding to Higher Education institutions and diminishing demand for the products we have traditionally stocked. At present the Open University Students Association (OUSA) will continue to sell the "Good Study Guide", and we are in discussion with other possible distributors to continue to make The Open University’s products available for purchase. As soon as we have any information on other channels of distribution we will update this notice’. Some products are still available via second hand dealers on Amazon.co.uk