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Expected value of perfect information

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

1. It is the amount you would pay for any sample study.

2. It is calculated as EMV minus EOL.

3. It is calculated as expected value with perfect information minus maximum EMV.

4. It is the amount charged for marketing research.

5. None of these.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M9166595

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