Using trial and error on the prior probabilities in the Acme problem, find values of them that

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Using trial and error on the prior probabilities in the Acme problem, find values of them that make EVSI equal to 0. These are values where Acme will make the same decision, regardless of the test-market results it observes. Comment on why the test market is worthless for your particular prior probabilities.

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Data Analysis and Decision Making

ISBN: 978-0538476126

4th edition

Authors: Christian Albright, Wayne Winston, Christopher Zappe

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