Introducing basic ideas of probability, this course focuses on dealing with uncertainty in a financial context and explores decision trees, a powerful decision-making technique, which can help you to simplify and formulate business decisions. This free Open University course also includes videos that introduce the key ideas and guide you through numerous examples.
After studying this course, you should be able to:
- deal with basic uncertainty in a decision-making context.
- understand the basic ideas of probability.
- calculate expected values.
- produce and analyse a decision tree.
This course takes 5 hours of study to complete.
