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describe Expected value of perfect information

Which of the subsequent is true about the expected value of perfect information?

  1. It is the amount you would pay for any sample study.
  2. It is computed as EMV minus EOL.
  3. It is computed as expected value with perfect information minus maximum EMV.
  4. It is the amount accused for marketing research.
  5. None of these.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M923453

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