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Author Question: The expected value of perfect information (EVPI) is equal to: a. EMV with posterior information ... (Read 89 times)

s.tung

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on: Jun 24, 2018
The expected value of perfect information (EVPI) is equal to:
 a. EMV with posterior information  EMV with prior information
  b. EMV with free perfect information  EMV with information
  c. EMV with free perfect information  EMV with no information
  d. EMV with perfect information  EMV with less than perfect information

Question 2

If you can determine that the outlier is not really a member of the relevant population, then it is appropriate and probably best to:
 a. average it
  b. reduce it
  c. delete it
  d. leave it


owenfalvey

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c

Answer to Question 2

c


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