Bayes' is useful in determining the value of perfect information ...

[jparksx]

Bayes' is useful in determining the value of perfect information (EVPI).
 a. True
  b. False
   Indicate whether the statement is true or false

Question 2

When the error variance is nonconstant, it is common to see the variation increases as the explanatory variable increases (you will see a fan shape in the scatterplot). There are two ways you can deal with this phenomenon. These are:
 a. the weighted least squares and a logarithmic transformation
  b. the partial F and a logarithmic transformation
  c. the weighted least squares and the partial F
  d. stepwise regression and the partial F

[yifu223]

Answer to Question 1

FALSE

Answer to Question 2

a

[jparksx]

YES! Correct, THANKS for helping me on my review

[amcvicar]

Excellent