as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain what a decision tree is.
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a decision tree is a graphical representation of possible solutions to a problem, based on certain conditions. it is a tool used to help people choose between multiple options by creating an organized visual map of the decision-making process. the tree branches out from a single root node to one or more end nodes, each containing a potential decision or outcome. each node in the tree is an intersection in the branches, and these nodes represent a decision point. the branches from the nodes represent the possible outcomes that can happen based on a given decision, and the leaves signify the end of the tree. the decision tree is used to evaluate and predict outcomes in order to make informed decisions.
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