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Author Question: How is the Expected Value of Perfect Information (EVPI) calculated? A) the sum of the EMV with ... (Read 111 times)

dmcintosh

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on: Jun 24, 2018
How is the Expected Value of Perfect Information (EVPI) calculated?
 
  A) the sum of the EMV with perfect information (assumed at no cost) and the EMV without any information
  B) the EMV without any information (assumed at no cost) minus the EMV with perfect information
  C) the EMV with perfect information (assumed at no cost) divided by the EMV without any information
  D) the EMV with perfect information (assumed at no cost) minus the EMV without any information

Question 2

A random variable is normally distributed with a mean of 25 and a standard deviation of 5. If an observation is randomly selected from the distribution, what value will 15 of the observations be below?
 
  A) 19.8
  B) 16.2
  C) 18.7
  D) 17.2


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kusterl

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

D

Answer to Question 2

A


dmcintosh

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Reply #2 on: Jun 24, 2018
Thank you


kusterl

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Reply #3 on: Jun 24, 2018
No problemo


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