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Author Question: The expected value with sample information(EVwSI) represents the expected long-term payoff of making ... (Read 96 times)

neverstopbelieb

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on: Jun 24, 2018
The expected value with sample information(EVwSI) represents the expected long-term payoff of making decisions using sample information.
 
  Indicate whether the statement is true or false

Question 2

Prior probabilities are a revision of posterior probabilities using additional information such as the results of a market survey.
 
  Indicate whether the statement is true or false


frre432

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

TRUE

Answer to Question 2

FALSE


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