Free course

Decision trees and dealing with uncertainty

Free statement of participation on completion
Decision trees and dealing with uncertainty Copyrighted Icon

This free course introduces basic ideas of probability. It 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. The course also includes videos that introduce the key ideas and guide you through numerous examples.

Course learning outcomes

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.

First Published: 04/01/2021

Updated: 04/01/2021

Skip Rate and Review

Take your learning further

Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses.

If you are new to University-level study, we offer two introductory routes to our qualifications. You could either choose to start with an Access module, or a module which allows you to count your previous learning towards an Open University qualification. Read our guide on Where to take your learning next for more information.

Not ready for formal University study? Then browse over 1000 free courses on OpenLearn and sign up to our newsletter to hear about new free courses as they are released.

Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.

Request an Open University prospectus371