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A market research survey is available for $10,000. Using a decision tree analysis, it is found that the expected monetary value with the survey is $75,000. The expected monetary value with no survey is $62,000. What is the expected value of sample information?

-$7,000

$3,000

$7,000

$13,000

None of these

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Category:- Statistics and Probability
Reference No.:- M9992107

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