This is a Tree Diagram. Probability is a tool used in general mathematics, probability, and statistics to calculate the number of outcomes of an event or problem and organize those potential outcomes. Graph of a Tree Probability, also known as probability trees or decision trees, is a versatile tool that can be utilized in various fields, including finance. A tree diagram allows a user to start at a single point and follow a path down the tree's branches by making mutually exclusive decisions or experiencing mutually exclusive events. Tree diagrams combine a decision's probabilities, judgments, costs, and payouts to provide a strategic answer.
